Liberty All-Star Equity Fund (NYSE:USA) Short Interest Update

Liberty All-Star Equity Fund (NYSE:USA) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 251,149 shares, an increase of 76.5% from the June 15th total of 142,318 shares. Based on an average trading volume of 1,659,295 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Liberty All-Star Equity Fund Trading Down 0.8%

Shares of NYSE:USA opened at $5.75 on Friday. Liberty All-Star Equity Fund has a 1 year low of $5.40 and a 1 year high of $6.69. The business has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.89.

Liberty All-Star Equity Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, July 16th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 11.8%. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 16th.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Several institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter valued at approximately $37,000. Fifth Third Bancorp bought a new position in Liberty All-Star Equity Fund during the first quarter valued at approximately $44,000. Three Magnolias Financial Advisors LLC bought a new position in Liberty All-Star Equity Fund during the fourth quarter valued at approximately $63,000. Fifth Third Wealth Advisors LLC acquired a new stake in Liberty All-Star Equity Fund in the fourth quarter valued at approximately $65,000. Finally, Canal Capital Management LLC acquired a new stake in Liberty All-Star Equity Fund in the first quarter valued at approximately $60,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.