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

Key Points

• Short interest in Liberty All-Star Growth Fund rose 62% to 29,149 shares as of September 30, up from 17,997 shares two weeks earlier. Shorted shares represent 0.0% of the company, with a short-interest ratio of 0.1 days.
• ASG shares opened at $5.04, compared with 50-day and 200-day moving averages of $5.16 and $5.20, respectively. The stock’s 52-week range is $4.55 to $5.69.
• Institutional investors own 21.62% of the fund, with several firms—including Shaker Financial Services and 1607 Capital Partners—recently increasing their positions.

Liberty All-Star Growth Fund (NYSE:ASG - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 29,149 shares, an increase of 62.0% from the September 15th total of 17,997 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 239,894 shares, the short-interest ratio is presently 0.1 days.

Liberty All-Star Growth Fund Stock Performance

Shares of NYSE ASG opened at $5.04 on Friday. The stock's 50-day moving average is $5.16 and its two-hundred day moving average is $5.20. Liberty All-Star Growth Fund has a 1-year low of $4.55 and a 1-year high of $5.69.

Institutional Trading of Liberty All-Star Growth Fund

Several hedge funds have recently added to or reduced their stakes in ASG. Shaker Financial Services LLC grew its holdings in Liberty All-Star Growth Fund by 7.5% during the 3rd quarter. Shaker Financial Services LLC now owns 1,642,101 shares of the investment management company's stock worth $8,293,000 after acquiring an additional 114,455 shares in the last quarter. 1607 Capital Partners LLC grew its stake in shares of Liberty All-Star Growth Fund by 19.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,300,216 shares of the investment management company's stock worth $6,891,000 after purchasing an additional 211,617 shares in the last quarter. Almitas Capital LLC acquired a new position in shares of Liberty All-Star Growth Fund during the second quarter worth $2,552,000. Calamos Advisors LLC increased its holdings in Liberty All-Star Growth Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 228,704 shares of the investment management company's stock valued at $1,086,000 after buying an additional 27,225 shares during the last quarter. Finally, PMG Family Office LLC raised its stake in Liberty All-Star Growth Fund by 9.5% in the first quarter. PMG Family Office LLC now owns 197,688 shares of the investment management company's stock valued at $939,000 after buying an additional 17,122 shares in the last quarter. Institutional investors and hedge funds own 21.62% of the company's stock.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund, Inc NYSE: ASG is a diversified, closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in the common stocks of growth-oriented companies, emphasizing businesses that its investment managers believe have attractive prospects for earnings and revenue expansion.

The fund may invest across multiple industries and in companies of different sizes, with a portfolio generally focused on equity securities rather than fixed-income investments.

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