Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Stock Short Interest Falls 60.7%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,591 shares, a drop of 60.7% from the September 15th total of 4,048 shares. Based on an average daily volume of 1,578 shares, the days-to-cover ratio is currently 1.0 days.

Insider Activity at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims purchased 2,560 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was bought at an average cost of $9.99 per share, for a total transaction of $25,574.40. Following the completion of the transaction, the chief executive officer owned 297,827 shares in the company, valued at approximately $2,975,291.73. This represents a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Eagle Capital Growth Fund Stock Performance

Shares of GRF stock remained flat at $9.85 during trading on Wednesday. The company had a trading volume of 2,528 shares, compared to its average volume of 3,334. Eagle Capital Growth Fund has a fifty-two week low of $9.50 and a fifty-two week high of $11.85. The stock’s 50 day simple moving average is $10.26 and its 200-day simple moving average is $10.18.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc (NYSE American: GRF) is a closed-end investment company that seeks long-term capital appreciation for its shareholders. The fund invests primarily in publicly traded common stocks and other equity securities of companies that its investment adviser believes offer attractive growth prospects.

The fund provides investors with a professionally managed, diversified portfolio rather than operating a conventional business that sells products or services directly to customers.