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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,794 shares, an increase of 367.2% from the May 31st total of 384 shares. Based on an average daily trading volume, of 3,882 shares, the short-interest ratio is currently 0.5 days.

Eagle Capital Growth Fund Trading Down 1.8%

GRF traded down $0.18 on Friday, hitting $10.01. The company had a trading volume of 4,854 shares, compared to its average volume of 3,181. Eagle Capital Growth Fund has a 12-month low of $9.60 and a 12-month high of $11.85. The business’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $10.47.

Insider Buying and Selling 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 dated Friday, May 22nd. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the transaction, the chief financial officer owned 220,032 shares of the company’s stock, valued at $2,200,320. This represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised 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 during the period. Sigma Investment Counselors Inc. increased its position in Eagle Capital Growth Fund by 31.0% during the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after acquiring an additional 5,136 shares during the last quarter. Mariner LLC increased its position in Eagle Capital Growth Fund by 7.8% during 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. 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 period. Finally, Basepoint Wealth LLC purchased a new position in shares of Eagle Capital Growth Fund during the 4th quarter worth about $39,000.

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.