Liberty All-Star Equity Fund (NYSE:USA – Get Rating) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 271,400 shares, a decrease of 23.5% from the October 15th total of 354,700 shares. Based on an average daily trading volume, of 741,100 shares, the days-to-cover ratio is currently 0.4 days.
Liberty All-Star Equity Fund Stock Performance
NYSE:USA traded up $0.09 during mid-day trading on Friday, hitting $6.36. The company’s stock had a trading volume of 679,863 shares, compared to its average volume of 728,439. Liberty All-Star Equity Fund has a fifty-two week low of $5.41 and a fifty-two week high of $9.03. The stock has a fifty day moving average of $5.94 and a 200-day moving average of $6.39.
Liberty All-Star Equity Fund Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, November 18th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 9.43%.
Institutional Trading of Liberty All-Star Equity Fund
Several institutional investors have recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC grew its stake in Liberty All-Star Equity Fund by 0.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 331,103 shares of the closed-end fund’s stock worth $2,675,000 after buying an additional 1,683 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Liberty All-Star Equity Fund by 11.6% during the second quarter. HB Wealth Management LLC now owns 16,414 shares of the closed-end fund’s stock worth $103,000 after purchasing an additional 1,708 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Liberty All-Star Equity Fund by 87.4% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,310 shares of the closed-end fund’s stock valued at $34,000 after buying an additional 2,010 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Liberty All-Star Equity Fund by 1.5% in the first quarter. D.A. Davidson & CO. now owns 151,204 shares of the closed-end fund’s stock valued at $1,222,000 after buying an additional 2,196 shares during the last quarter. Finally, RB Capital Management LLC lifted its position in Liberty All-Star Equity Fund by 1.8% during the 2nd quarter. RB Capital Management LLC now owns 130,621 shares of the closed-end fund’s stock worth $820,000 after buying an additional 2,250 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company’s stock.
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.
Further Reading
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