Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 3,100.0% in May

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 384 shares, a growth of 3,100.0% from the May 14th total of 12 shares. Based on an average daily trading volume, of 10,547 shares, the short-interest ratio is presently 0.0 days.

Eagle Capital Growth Fund Stock Performance

Shares of NYSEAMERICAN GRF traded up $0.04 during trading on Wednesday, hitting $10.06. The stock had a trading volume of 362 shares, compared to its average volume of 3,332. The firm has a fifty day moving average of $10.13 and a two-hundred day moving average of $10.48. Eagle Capital Growth Fund has a 12 month low of $9.50 and a 12 month high of $11.85.

Insider Buying and Selling at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CFO David C. Sims acquired 10,000 shares of Eagle Capital Growth Fund stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the chief financial officer directly owned 220,032 shares of the company’s stock, valued at $2,200,320. This represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Institutional investors have recently added to or reduced their stakes in the company. Mariner LLC increased its stake in 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 buying an additional 1,446 shares during the last quarter. Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund in the fourth quarter valued at approximately $39,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of 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 valued at $43,000 after acquiring an additional 1,559 shares in the last quarter. Sigma Investment Counselors Inc. increased its position in shares of Eagle Capital Growth Fund by 31.0% during the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after acquiring an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings 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 acquiring an additional 2,839 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.