Liberty All-Star Growth Fund (NYSE:ASG) Sees Large Growth in Short Interest

Liberty All-Star Growth Fund (NYSE:ASG) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 122,030 shares, an increase of 318.6% from the September 30th total of 29,149 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 311,114 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Institutional investors have recently added to or reduced their stakes in the company. David J Yvars Group acquired a new position in Liberty All-Star Growth Fund in the third quarter valued at approximately $69,000. Tactive Advisors LLC bought a new position in shares of Liberty All-Star Growth Fund in the third quarter valued at $74,000. HighTower Advisors LLC increased its stake in shares of Liberty All-Star Growth Fund by 73.8% during the 2nd quarter. HighTower Advisors LLC now owns 29,569 shares of the investment management company’s stock worth $162,000 after purchasing an additional 12,559 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of Liberty All-Star Growth Fund in the second quarter valued at approximately $289,000. Finally, NWF Advisory Services Inc. bought a new position in shares of Liberty All-Star Growth Fund in the second quarter valued at about $55,000. 21.62% of the stock is owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Stock Up 0.3%

Liberty All-Star Growth Fund stock traded up $0.01 during trading hours on Thursday, hitting $5.05. 235,042 shares of the company traded hands, compared to its average volume of 274,664. Liberty All-Star Growth Fund has a 1-year low of $4.55 and a 1-year high of $5.62. The firm’s 50-day simple moving average is $5.09 and its two-hundred day simple moving average is $5.17.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund (NYSE: ASG) is a diversified, closed-end investment fund that seeks long-term capital growth. The fund invests primarily in a portfolio of growth-oriented companies, generally emphasizing businesses that management believes have the potential to increase earnings and expand over time.

The fund uses a multi-manager investment approach, with professional investment firms responsible for selecting securities within different segments of the portfolio. Its holdings may include companies of various sizes and can span multiple industries and geographic markets, although the portfolio is primarily focused on publicly traded equities.

Liberty All-Star Growth Fund has operated as a publicly traded closed-end fund since 1986.