Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Decreases By 93.7%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 12 shares, a decline of 93.7% from the April 30th total of 191 shares. Based on an average daily trading volume, of 2,680 shares, the days-to-cover ratio is presently 0.0 days.

Eagle Capital Growth Fund Stock Up 2.6%

NYSEAMERICAN GRF traded up $0.26 on Wednesday, hitting $10.35. 20,268 shares of the stock were exchanged, compared to its average volume of 3,242. Eagle Capital Growth Fund has a 52-week low of $9.50 and a 52-week high of $11.85. The stock has a fifty day moving average price of $10.19 and a two-hundred day moving average price of $10.52.

Insider Buying and Selling

In other news, CFO David C. Sims acquired 10,000 shares of the company’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 completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mariner LLC lifted its position in shares of Eagle Capital Growth Fund by 7.8% during 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 last quarter. Blue Bell Private Wealth Management LLC boosted 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 purchasing an additional 1,559 shares during the period. Osaic Holdings Inc. boosted its holdings 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 valued at $281,000 after purchasing an additional 2,839 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund in the fourth quarter valued at approximately $39,000. Finally, Sigma Investment Counselors Inc. boosted its holdings in shares of Eagle Capital Growth Fund by 31.0% in the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after purchasing an additional 5,136 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.