Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Down 37.6% in June

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,119 shares, a decrease of 37.6% from the June 15th total of 1,794 shares. Based on an average trading volume of 1,806 shares, the short-interest ratio is currently 0.6 days.

Eagle Capital Growth Fund Stock Performance

Shares of GRF traded up $0.00 during trading hours on Friday, reaching $10.23. The company had a trading volume of 1,109 shares, compared to its average volume of 3,205. The firm has a 50 day simple moving average of $10.07 and a 200-day simple moving average of $10.39. Eagle Capital Growth Fund has a 12-month low of $9.60 and a 12-month high of $11.85.

Insider Transactions at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CFO David C. Sims bought 10,000 shares of Eagle Capital Growth Fund stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief financial officer owned 220,032 shares in the company, valued at $2,200,320. The trade was a 4.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sigma Investment Counselors Inc. grew 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 during the period. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund during the fourth quarter worth $39,000. Osaic Holdings Inc. raised its holdings in Eagle Capital Growth Fund by 10.9% during the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Eagle Capital Growth Fund by 64.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Mariner LLC boosted 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 worth $215,000 after purchasing an additional 1,446 shares in 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.