Liberty All-Star Equity Fund (NYSE:USA) Sees Significant Growth in Short Interest

Liberty All-Star Equity Fund (NYSE:USA) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 208,086 shares, an increase of 87.8% from the September 15th total of 110,815 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,140,934 shares, the days-to-cover ratio is currently 0.2 days.

Liberty All-Star Equity Fund Trading Down 1.3%

Shares of Liberty All-Star Equity Fund stock traded down $0.07 during midday trading on Friday, hitting $5.91. 1,341,822 shares of the company traded hands, compared to its average volume of 1,244,071. The firm’s fifty day moving average price is $5.93 and its 200-day moving average price is $5.83. Liberty All-Star Equity Fund has a 12 month low of $5.40 and a 12 month high of $6.44.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in shares of Liberty All-Star Equity Fund during the first quarter worth about $44,000. Investmark Advisory Group LLC bought a new position in Liberty All-Star Equity Fund in the 2nd quarter valued at approximately $62,000. Canal Capital Management LLC acquired a new stake in Liberty All-Star Equity Fund during the 1st quarter worth approximately $60,000. Three Magnolias Financial Advisors LLC boosted its position in Liberty All-Star Equity Fund by 25.0% during the 1st quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after buying an additional 2,500 shares during the period. Finally, World Investment Advisors boosted its position in Liberty All-Star Equity Fund by 19.5% during the 4th quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock worth $92,000 after buying an additional 2,375 shares during the period. 9.95% of the stock is currently owned by institutional investors.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol USA. The fund seeks long-term capital appreciation and current income by investing primarily in a diversified portfolio of publicly traded U.S. equities.

The fund uses a multi-manager investment structure, with different investment managers applying distinct strategies to portions of the portfolio. These strategies may include investments in large-, mid- and small-capitalization companies across a range of industries.