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

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

Insider Buying and Selling

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 acquired at an average cost 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 approximately $2,200,320. This represents a 4.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Eagle Capital Growth Fund

Hedge funds have recently bought and sold shares of the stock. Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund in the fourth quarter worth about $39,000. Blue Bell Private Wealth Management LLC grew its stake in shares of 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 acquiring an additional 1,559 shares during the period. Mariner LLC increased its holdings in Eagle Capital Growth Fund by 7.8% in the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after acquiring an additional 1,446 shares in the last quarter. Sigma Investment Counselors Inc. increased its holdings in 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. raised its stake 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 period.

Eagle Capital Growth Fund Trading Down 1.8%

Shares of GRF stock traded down $0.18 during mid-day trading on Friday, reaching $10.01. 4,854 shares of the company’s stock traded hands, 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 firm has a 50 day moving average price of $10.07 and a two-hundred day moving average price of $10.47.

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.