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

Liberty All-Star Equity Fund (NYSE:USA) was the target 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. Based on an average daily trading volume, of 1,140,934 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Liberty All-Star Equity Fund Stock Performance

Shares of USA opened at $5.88 on Thursday. Liberty All-Star Equity Fund has a 12-month low of $5.40 and a 12-month high of $6.44. The stock’s 50-day moving average price is $5.93 and its 200 day moving average price is $5.83.

Institutional Trading of Liberty All-Star Equity Fund

Several institutional investors have recently modified their holdings of USA. Royal Bank of Canada increased its position in shares of Liberty All-Star Equity Fund by 15.0% during the first quarter. Royal Bank of Canada now owns 2,271,108 shares of the closed-end fund’s stock valued at $12,604,000 after purchasing an additional 296,607 shares during the period. 1607 Capital Partners LLC raised its stake in shares of Liberty All-Star Equity Fund by 115.5% in the fourth quarter. 1607 Capital Partners LLC now owns 1,353,935 shares of the closed-end fund’s stock valued at $8,503,000 after purchasing an additional 725,531 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Liberty All-Star Equity Fund by 52.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 613,919 shares of the closed-end fund’s stock worth $3,407,000 after purchasing an additional 210,923 shares during the period. Cetera Investment Advisers lifted its position in Liberty All-Star Equity Fund by 13.4% in the first quarter. Cetera Investment Advisers now owns 557,956 shares of the closed-end fund’s stock worth $3,097,000 after purchasing an additional 66,002 shares during the period. Finally, Independent Financial Group LLC bought a new position in Liberty All-Star Equity Fund in the first quarter worth $2,470,000. Institutional investors and hedge funds own 9.95% of the company’s stock.

About Liberty All-Star Equity Fund

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.