Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 645.4% in August

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,692 shares, a growth of 645.4% from the August 15th total of 227 shares. Based on an average daily volume of 3,712 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling

In other news, CEO Luke E. Sims bought 2,560 shares of Eagle Capital Growth Fund stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $9.99 per share, for a total transaction of $25,574.40. Following the completion of the acquisition, the chief executive officer owned 297,827 shares of the company’s stock, valued at $2,975,291.73. This trade represents a 0.87% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of GRF. Osaic Holdings Inc. lifted its position 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 acquiring an additional 2,839 shares during the last quarter. Mariner LLC grew its holdings in Eagle Capital Growth Fund by 7.8% in 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 grew its holdings in 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 worth $43,000 after purchasing an additional 1,559 shares during the last quarter. Finally, Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund during the fourth quarter worth $39,000.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN:GRF opened at $10.42 on Friday. Eagle Capital Growth Fund has a fifty-two week low of $9.60 and a fifty-two week high of $11.85. The company’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $10.26.

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.