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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,048 shares, a growth of 139.2% from the August 31st total of 1,692 shares. Based on an average trading volume of 4,894 shares, the short-interest ratio is currently 0.8 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims bought 2,560 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $9.99 per share, with a total value of $25,574.40. Following the acquisition, the chief executive officer owned 297,827 shares in the company, valued at approximately $2,975,291.73. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Eagle Capital Growth Fund

An institutional investor recently bought a new stake in Eagle Capital Growth Fund stock. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,616 shares of the company’s stock, valued at approximately $39,000.

Eagle Capital Growth Fund Stock Down 4.4%

Shares of Eagle Capital Growth Fund stock opened at $9.72 on Tuesday. Eagle Capital Growth Fund has a one year low of $9.50 and a one year high of $11.85. The business’s 50 day simple moving average is $10.36 and its two-hundred day simple moving average is $10.23.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc (NYSE American: GRF) is a closed-end management investment company focused on long-term capital appreciation. The fund invests primarily in publicly traded equity securities, with an emphasis on companies that its investment adviser believes offer attractive long-term growth potential.

The fund is advised by Eagle Capital Management, LLC, an investment management firm known for a fundamental, research-driven approach to equity investing. Its portfolio may include investments across a range of industries and geographic markets, although the fund primarily seeks opportunities in established public companies.

Eagle Capital Growth Fund has operated as a publicly traded closed-end fund since its formation in 1988.