Trading was light with 4,418 shares changing hands in the last trading session. Volume was down 89.05% under the stocks average daily volume. Investors are more bearish on Liberty All-Star Growth Fund, I of late looking at the uptick in short interest. The firm experienced a rise in short interest of 16.87% as of September 29, 2017 from the last reporting period. Short shares increased 15,636 over that timeframe.
These firms have modified their investment in ASG. As of the end of the quarter Thomas J. Herzfeld Advisors, Inc. had sold a total of 76,335 shares trimming its holdings by 50.8%. The value of the company’s investment in Liberty All-Star Growth Fund, I went from $682,000 to $363,000 a change of $319,000 since the last quarter. Shaker Financial Services, LLC cut its holdings by shedding 446,519 shares a decrease of 35.7% from 03/31/2017 to 06/30/2017. Shaker Financial Services, LLC owns 805,014 shares with a value of $3,961,000. The value of the position overall is down by 30.3%.
As of quarter end Ubs Group Ag had disposed of 68,081 shares trimming its position 95.5%. The value of the total investment in Liberty All-Star Growth Fund, I decreased from $324,000 to $16,000 decreasing 95.1% for the reporting period. As of the end of the quarter Edmonds Duncan Registered Investment Advisors, LLC had bought a total of 565 shares growing its stake by 2.1%. The value of the investment in (ASG) increased from $125,000 to $134,000 a change of 7.2% quarter to quarter.
The company is so far trading up by 1.50% percent from yesterday’s close. Shares of the company are trading at $5.40 which is slightly above $5.13, the stock’s 50 day moving average and much higher than the 200 day moving average of $4.89. The 50 day moving average went up by +5.29% whereas the 200 day average was up by +10.54%.
Liberty All-Star Growth Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund seeks long-term capital appreciation through investment primarily in a diversified portfolio of equity securities. Liberty All-Star Growth Fund, Inc. is a multi-managed fund focused on small, mid and large-capitalization growth stocks. Its portfolio includes common stocks, and short-term investments, including repurchase agreements..