Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 65.3% in July

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,850 shares, a growth of 65.3% from the June 30th total of 1,119 shares. Based on an average trading volume of 2,963 shares, the days-to-cover ratio is currently 0.6 days.

Eagle Capital Growth Fund Stock Performance

Eagle Capital Growth Fund stock traded down $0.37 during midday trading on Friday, reaching $10.08. The stock had a trading volume of 460 shares, compared to its average volume of 3,148. Eagle Capital Growth Fund has a 52-week low of $9.60 and a 52-week high of $11.85. The company has a fifty day moving average of $10.11 and a 200 day moving average of $10.36.

Insider Activity at Eagle Capital Growth Fund

In other news, CFO David C. Sims purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief financial officer owned 220,032 shares of the company’s stock, valued at approximately $2,200,320. This trade represents a 4.76% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Mariner LLC boosted its holdings in Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Eagle Capital Growth Fund by 64.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after acquiring an additional 1,559 shares in the last quarter. Osaic Holdings Inc. increased 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 valued at $281,000 after buying an additional 2,839 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund during the fourth quarter valued at about $39,000. Finally, Sigma Investment Counselors Inc. lifted its position in 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.

Eagle Capital Growth Fund Company Profile

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.