Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Drops By 36.9%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 7,837 shares, a drop of 36.9% from the December 31st total of 12,422 shares. Based on an average daily trading volume, of 1,217 shares, the days-to-cover ratio is presently 6.4 days. Based on an average daily trading volume, of 1,217 shares, the days-to-cover ratio is presently 6.4 days.

Institutional Trading of Eagle Capital Growth Fund

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

Eagle Capital Growth Fund Trading Up 0.2%

Shares of NYSEAMERICAN GRF traded up $0.03 during mid-day trading on Friday, hitting $10.75. 1,277 shares of the stock traded hands, compared to its average volume of 1,277. The stock has a fifty day moving average price of $10.66 and a 200-day moving average price of $10.55. Eagle Capital Growth Fund has a 52 week low of $8.86 and a 52 week high of $11.85.

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.