Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Sees Large Drop in Short Interest

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 227 shares, a decrease of 89.9% from the July 30th total of 2,257 shares. Based on an average daily trading volume, of 2,902 shares, the days-to-cover ratio is currently 0.1 days.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN GRF traded up $0.05 on Thursday, reaching $10.55. The company’s stock had a trading volume of 2,781 shares, compared to its average volume of 3,077. Eagle Capital Growth Fund has a 52 week low of $9.60 and a 52 week high of $11.85. The business has a 50-day moving average price of $10.28 and a 200 day moving average price of $10.30.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GRF. Basepoint Wealth LLC acquired a new stake in shares of Eagle Capital Growth Fund during the 4th quarter worth about $39,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Eagle Capital Growth Fund by 64.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after acquiring an additional 1,559 shares during the last quarter. Mariner LLC raised its stake in shares of Eagle Capital Growth Fund by 7.8% in the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares during the last quarter. Sigma Investment Counselors Inc. boosted its holdings in shares of Eagle Capital Growth Fund by 31.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after acquiring an additional 5,136 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in Eagle Capital Growth Fund by 10.9% during the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after acquiring an additional 2,839 shares during the last quarter.

Eagle Capital Growth Fund Company Profile

Eagle Capital Growth Fund Inc (NYSE American: GRF) is a diversified, closed-end management investment company that seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign issuers. Launched in December 2012, the fund follows a value-oriented investment approach, targeting companies with durable competitive advantages, solid cash flows and attractive valuation metrics.

Advised by Eagle Capital Management LLC, a Boston-based investment firm specializing in fundamental, bottom-up research, the fund’s portfolio includes publicly traded common stocks and, when appropriate, convertible securities.