Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Expands By 645.4%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,692 shares, an increase of 645.4% from the August 15th total of 227 shares. Based on an average trading volume of 3,712 shares, the days-to-cover ratio is presently 0.5 days.

Insider Transactions at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims bought 2,560 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $9.99 per share, for a total transaction of $25,574.40. Following the acquisition, the chief executive officer directly owned 297,827 shares in the company, valued at approximately $2,975,291.73. The trade was a 0.87% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund during the fourth quarter worth $39,000. Blue Bell Private Wealth Management LLC boosted its position in 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 in the last quarter. Mariner LLC increased its holdings in shares of Eagle Capital Growth Fund by 7.8% in the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares during the period. Finally, Osaic Holdings Inc. increased 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 valued at $281,000 after acquiring an additional 2,839 shares during the period.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN:GRF opened at $10.42 on Friday. Eagle Capital Growth Fund has a one year low of $9.60 and a one year high of $11.85. The firm has a 50-day simple moving average of $10.33 and a 200-day simple moving average of $10.26.

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.