Liberty All-Star Equity Fund (NYSE:USA) Sees Significant Drop in Short Interest

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 109,500 shares, a decrease of 54.0% from the February 28th total of 238,200 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 776,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Liberty All-Star Equity Fund

Several large investors have recently added to or reduced their stakes in USA. Transce3nd LLC purchased a new stake in shares of Liberty All-Star Equity Fund in the fourth quarter valued at approximately $30,000. Crews Bank & Trust bought a new stake in Liberty All-Star Equity Fund during the 4th quarter valued at $50,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Liberty All-Star Equity Fund in the 4th quarter worth $65,000. Independent Advisor Alliance bought a new position in shares of Liberty All-Star Equity Fund during the 4th quarter worth $70,000. Finally, Cerity Partners LLC purchased a new position in shares of Liberty All-Star Equity Fund during the fourth quarter valued at $72,000. 9.95% of the stock is owned by hedge funds and other institutional investors.

Liberty All-Star Equity Fund Stock Performance

Liberty All-Star Equity Fund stock traded down $0.12 during mid-day trading on Friday, hitting $6.54. The company’s stock had a trading volume of 775,091 shares, compared to its average volume of 700,147. Liberty All-Star Equity Fund has a one year low of $6.27 and a one year high of $7.49. The company has a 50 day moving average of $6.90 and a 200-day moving average of $7.05.

Liberty All-Star Equity Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, January 24th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend was Friday, January 24th.

Liberty All-Star Equity Fund Company Profile

Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.