Liberty All-Star Growth Fund (NYSE:ASG) Shares Shorted: Short Interest Up 318.6% in October

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

Liberty All-Star Growth Fund Price Performance

ASG opened at $5.07 on Friday. The business has a 50 day moving average of $5.08 and a 200-day moving average of $5.17. Liberty All-Star Growth Fund has a 1-year low of $4.55 and a 1-year high of $5.62.

Institutional Trading of Liberty All-Star Growth Fund

A number of hedge funds have recently bought and sold shares of the stock. Almitas Capital LLC acquired a new stake in Liberty All-Star Growth Fund in the 2nd quarter worth $2,552,000. Rivernorth Capital Management LLC bought a new position in shares of Liberty All-Star Growth Fund during the 1st quarter worth about $706,000. EP Wealth Advisors LLC acquired a new position in shares of Liberty All-Star Growth Fund during the second quarter valued at about $660,000. Blue Bell Private Wealth Management LLC raised its position in shares of Liberty All-Star Growth Fund by 26.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 549,379 shares of the investment management company’s stock valued at $2,774,000 after buying an additional 115,800 shares during the last quarter. Finally, Shaker Financial Services LLC raised its position in shares of Liberty All-Star Growth Fund by 7.5% during the third quarter. Shaker Financial Services LLC now owns 1,642,101 shares of the investment management company’s stock valued at $8,293,000 after buying an additional 114,455 shares during the last quarter. 21.62% of the stock is owned by institutional investors.

About Liberty All-Star Growth Fund

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.