Liberty All-Star Equity Fund (NYSE:USA – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 208,086 shares, a growth of 87.8% from the September 15th total of 110,815 shares. Based on an average daily volume of 1,140,934 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.
Liberty All-Star Equity Fund Stock Down 1.1%
Shares of USA stock opened at $5.88 on Thursday. Liberty All-Star Equity Fund has a fifty-two week low of $5.40 and a fifty-two week high of $6.44. The stock’s 50-day moving average is $5.93 and its two-hundred day moving average is $5.83.
Institutional Investors Weigh In On Liberty All-Star Equity Fund
Several large investors have recently made changes to their positions in the company. RFG Advisory LLC boosted its holdings in Liberty All-Star Equity Fund by 19.5% in the second quarter. RFG Advisory LLC now owns 20,193 shares of the closed-end fund’s stock worth $117,000 after purchasing an additional 3,292 shares in the last quarter. Readystate Asset Management LP bought a new position in Liberty All-Star Equity Fund in the 2nd quarter worth approximately $316,000. Wedbush Securities Inc. increased its position in Liberty All-Star Equity Fund by 11.0% during the second quarter. Wedbush Securities Inc. now owns 167,727 shares of the closed-end fund’s stock worth $974,000 after acquiring an additional 16,618 shares during the period. Ancora Advisors LLC acquired a new stake in Liberty All-Star Equity Fund in the 2nd quarter worth $109,000. Finally, Investmark Advisory Group LLC acquired a new stake in Liberty All-Star Equity Fund in the 2nd quarter worth $62,000. Institutional investors own 9.95% of the company’s stock.
About Liberty All-Star Equity Fund
Liberty All-Star Equity Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol USA. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded U.S. equities.
The fund uses a multi-manager investment structure, with different investment managers applying distinct strategies to portions of the portfolio. These strategies may include investments in large-, mid- and small-capitalization companies across a range of industries.
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