Liberty All-Star Growth Fund (NYSE:ASG – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 38,996 shares, a growth of 166.5% from the August 15th total of 14,632 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 175,758 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On Liberty All-Star Growth Fund
Several large investors have recently made changes to their positions in ASG. HighTower Advisors LLC boosted its position in shares of Liberty All-Star Growth Fund by 73.8% in 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 in the last quarter. Readystate Asset Management LP bought a new position in Liberty All-Star Growth Fund during the 2nd quarter valued at approximately $289,000. NWF Advisory Services Inc. purchased a new position in Liberty All-Star Growth Fund during the second quarter valued at $55,000. Wedbush Securities Inc. raised its stake in Liberty All-Star Growth Fund by 3.3% during the second quarter. Wedbush Securities Inc. now owns 74,592 shares of the investment management company’s stock valued at $408,000 after buying an additional 2,377 shares during the last quarter. Finally, Almitas Capital LLC bought a new stake in Liberty All-Star Growth Fund in the second quarter worth $2,552,000. 21.62% of the stock is currently owned by hedge funds and other institutional investors.
Liberty All-Star Growth Fund Stock Performance
Shares of ASG stock opened at $5.04 on Friday. The company’s fifty day moving average price is $5.25 and its 200-day moving average price is $5.18. Liberty All-Star Growth Fund has a 12 month low of $4.55 and a 12 month high of $5.69.
Liberty All-Star Growth Fund Increases Dividend
About Liberty All-Star Growth Fund
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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