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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 12,422 shares, a drop of 17.1% from the December 15th total of 14,982 shares. Based on an average daily trading volume, of 3,133 shares, the days-to-cover ratio is currently 4.0 days. Based on an average daily trading volume, of 3,133 shares, the days-to-cover ratio is currently 4.0 days.

Eagle Capital Growth Fund Price Performance

Shares of NYSEAMERICAN GRF opened at $10.83 on Tuesday. The company’s fifty day simple moving average is $10.64 and its 200 day simple moving average is $10.51. Eagle Capital Growth Fund has a 12-month low of $8.86 and a 12-month high of $11.85.

Institutional Trading of Eagle Capital Growth Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC raised its stake in Eagle Capital Growth Fund by 166.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after buying an additional 1,511 shares during the period. Matisse Capital bought a new stake in shares of Eagle Capital Growth Fund during the second quarter valued at approximately $127,000. Sigma Investment Counselors Inc. raised its position in shares of Eagle Capital Growth Fund by 24.5% during the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after purchasing an additional 3,264 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares in the last quarter.

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.