Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Update

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,794 shares, a growth of 367.2% from the May 31st total of 384 shares. Based on an average trading volume of 3,882 shares, the days-to-cover ratio is presently 0.5 days.

Eagle Capital Growth Fund Stock Performance

Shares of Eagle Capital Growth Fund stock opened at $10.01 on Monday. Eagle Capital Growth Fund has a 1 year low of $9.60 and a 1 year high of $11.85. The firm’s 50-day simple moving average is $10.07 and its 200-day simple moving average is $10.47.

Insider Buying and Selling

In related news, CFO David C. Sims acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the chief financial officer directly owned 220,032 shares in the company, valued at approximately $2,200,320. The trade was a 4.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Eagle Capital Growth Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Sigma Investment Counselors Inc. grew its position in shares of Eagle Capital Growth Fund by 31.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after acquiring an additional 5,136 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in shares of Eagle Capital Growth Fund during the 4th quarter valued at approximately $39,000. Osaic Holdings Inc. lifted its stake in 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 purchasing an additional 2,839 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Eagle Capital Growth Fund by 64.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after purchasing an additional 1,559 shares during the period. Finally, Mariner LLC boosted its holdings in Eagle Capital Growth Fund by 7.8% in the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after purchasing an additional 1,446 shares during the period.

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.