Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Shares Shorted: Short Interest Up 139.2% in September

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a large growth in short interest in 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 days-to-cover ratio is presently 0.8 days.

Eagle Capital Growth Fund Stock Performance

Shares of GRF traded down $0.45 during midday trading on Monday, hitting $9.72. The stock had a trading volume of 7,979 shares, compared to its average volume of 3,376. The company has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $10.23. Eagle Capital Growth Fund has a twelve month low of $9.50 and a twelve month high of $11.85.

Insiders Place Their Bets

In other news, CEO Luke E. Sims bought 2,560 shares of the stock in a transaction on Tuesday, September 1st. The stock was purchased at an average price of $9.99 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Eagle Capital Growth Fund

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

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.