Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Sees Large Decline in Short Interest

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,119 shares, a decline of 37.6% from the June 15th total of 1,794 shares. Based on an average daily trading volume, of 1,806 shares, the days-to-cover ratio is presently 0.6 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In other news, CFO David C. Sims purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price 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 in the company, valued at $2,200,320. This represents a 4.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Eagle Capital Growth Fund

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in shares of Eagle Capital Growth Fund by 10.9% in 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. Sigma Investment Counselors Inc. grew its position in shares of Eagle Capital Growth Fund by 31.0% during the 4th 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 period. Blue Bell Private Wealth Management LLC increased its position 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 buying an additional 1,559 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund in the 4th quarter worth $39,000. Finally, Mariner LLC lifted 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 in the last quarter.

Eagle Capital Growth Fund Stock Performance

Shares of Eagle Capital Growth Fund stock opened at $10.23 on Friday. Eagle Capital Growth Fund has a 52 week low of $9.60 and a 52 week high of $11.85. The stock’s 50-day simple moving average is $10.07 and its 200-day simple moving average is $10.40.

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.