Liberty All-Star Growth Fund (NYSE:ASG – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 13,585 shares, a drop of 42.0% from the May 31st total of 23,426 shares. Based on an average daily trading volume, of 335,376 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Liberty All-Star Growth Fund
A number of large investors have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in shares of Liberty All-Star Growth Fund during the 3rd quarter valued at $102,000. Guggenheim Capital LLC increased its position in Liberty All-Star Growth Fund by 77.5% during the fourth quarter. Guggenheim Capital LLC now owns 96,870 shares of the investment management company’s stock valued at $513,000 after acquiring an additional 42,283 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Liberty All-Star Growth Fund during the third quarter valued at $2,531,000. Quarry LP bought a new position in Liberty All-Star Growth Fund in the fourth quarter valued at about $436,000. Finally, Invesco Ltd. purchased a new position in Liberty All-Star Growth Fund in the fourth quarter worth about $318,000. Institutional investors own 21.62% of the company’s stock.
Liberty All-Star Growth Fund Price Performance
ASG traded down $0.01 during midday trading on Wednesday, hitting $5.46. 223,960 shares of the company traded hands, compared to its average volume of 257,061. The company’s 50-day moving average is $5.28 and its 200 day moving average is $5.20. Liberty All-Star Growth Fund has a 52 week low of $4.55 and a 52 week high of $5.69.
Liberty All-Star Growth Fund Cuts Dividend
Liberty All-Star Growth Fund Company Profile
Liberty All-Star Growth Fund (NYSE: ASG) is a closed-end, diversified management investment company that seeks long-term capital appreciation through exposure to growth-oriented equities. The fund primarily invests in a portfolio of underlying mutual funds and exchange-traded funds managed by established sub-advisers, employing a multi-manager structure designed to capture opportunities across a range of market capitalizations and industry sectors.
Under normal market conditions, ASG allocates the majority of its assets to common stocks of companies it believes exhibit above-average growth potential.
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