Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Decreases By 93.7%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 12 shares, a drop of 93.7% from the April 30th total of 191 shares. Based on an average daily volume of 2,680 shares, the days-to-cover ratio is currently 0.0 days.

Insider Transactions at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CFO David C. Sims bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the purchase, the chief financial officer owned 220,032 shares of the company’s stock, valued at $2,200,320. This trade represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of Eagle Capital Growth Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mariner LLC raised its stake in Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after purchasing an additional 1,446 shares during the period. Basepoint Wealth LLC purchased a new position in Eagle Capital Growth Fund during the 4th quarter valued at approximately $39,000. Osaic Holdings Inc. grew its holdings 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 valued at $281,000 after buying an additional 2,839 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in Eagle Capital Growth Fund by 64.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after buying an additional 1,559 shares in the last quarter. Finally, Sigma Investment Counselors Inc. grew its holdings in Eagle Capital Growth Fund by 31.0% during the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after buying an additional 5,136 shares in the last quarter.

Eagle Capital Growth Fund Stock Up 1.5%

GRF traded up $0.15 on Friday, hitting $10.16. 744 shares of the company’s stock traded hands, compared to its average volume of 3,208. The company’s 50 day simple moving average is $10.17 and its 200-day simple moving average is $10.52. Eagle Capital Growth Fund has a one year low of $9.50 and a one year high of $11.85.

About Eagle Capital Growth Fund

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.