Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 65.3% in July

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,850 shares, a growth of 65.3% from the June 30th total of 1,119 shares. Based on an average trading volume of 2,963 shares, the days-to-cover ratio is currently 0.6 days.

Eagle Capital Growth Fund Stock Performance

GRF stock traded down $0.37 during midday trading on Friday, hitting $10.08. 460 shares of the stock were exchanged, compared to its average volume of 3,148. The stock’s 50-day moving average price is $10.11 and its 200-day moving average price is $10.36. Eagle Capital Growth Fund has a fifty-two week low of $9.60 and a fifty-two week high of $11.85.

Insider Buying and Selling at Eagle Capital Growth Fund

In other news, CFO David C. Sims purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief financial officer directly owned 220,032 shares in the company, valued at approximately $2,200,320. The trade was a 4.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Large investors have recently added to or reduced their stakes in the business. Mariner LLC increased its holdings 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 acquiring an additional 1,446 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position 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 purchasing an additional 1,559 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after purchasing an additional 2,839 shares during the last quarter. Basepoint Wealth LLC purchased a new position in shares of Eagle Capital Growth Fund during the 4th quarter worth approximately $39,000. Finally, Sigma Investment Counselors Inc. increased its stake in shares of 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 worth $232,000 after purchasing an additional 5,136 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.