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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant 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 volume of 1,217 shares, the days-to-cover ratio is currently 6.4 days. Based on an average daily volume of 1,217 shares, the days-to-cover ratio is currently 6.4 days.

Eagle Capital Growth Fund Price Performance

Shares of GRF stock opened at $10.95 on Friday. The company’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $10.55. Eagle Capital Growth Fund has a 52 week low of $8.86 and a 52 week high of $11.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC grew 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 valued at $25,000 after purchasing an additional 1,511 shares in the last quarter. Matisse Capital purchased a new position in shares of Eagle Capital Growth Fund during the 2nd quarter valued at approximately $127,000. Sigma Investment Counselors Inc. boosted its stake in shares of 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. Finally, Osaic Holdings Inc. grew its position in shares of 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 buying 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.