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

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

Insider Transactions at Eagle Capital Growth Fund

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

Hedge Funds Weigh In On Eagle Capital Growth Fund

Hedge funds have recently modified their holdings of the company. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund during the fourth quarter worth about $39,000. Blue Bell Private Wealth Management LLC increased its stake in Eagle Capital Growth Fund by 64.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after acquiring an additional 1,559 shares during the last quarter. Mariner LLC increased its position in Eagle Capital Growth Fund by 7.8% in 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 during the last quarter. Sigma Investment Counselors Inc. increased 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 buying an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake 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 acquiring an additional 2,839 shares during the last quarter.

Eagle Capital Growth Fund Stock Down 3.5%

GRF stock traded down $0.37 during midday trading on Friday, reaching $10.08. 460 shares of the company’s stock traded hands, compared to its average volume of 3,148. Eagle Capital Growth Fund has a 52-week low of $9.60 and a 52-week high of $11.85. The stock’s 50-day moving average is $10.11 and its 200 day moving average is $10.36.

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.