Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 3,100.0% in May

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 384 shares, an increase of 3,100.0% from the May 14th total of 12 shares. Based on an average trading volume of 10,547 shares, the days-to-cover ratio is presently 0.0 days.

Insider Activity

In other news, CFO David C. Sims bought 10,000 shares of Eagle Capital Growth Fund stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the purchase, the chief financial officer directly owned 220,032 shares in the company, valued at $2,200,320. The trade was a 4.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Institutional investors have recently added to or reduced their stakes in the stock. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund during the fourth quarter valued at about $39,000. Blue Bell Private Wealth Management LLC lifted its holdings in Eagle Capital Growth Fund by 64.4% during 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 last quarter. Mariner LLC lifted its holdings in Eagle Capital Growth Fund by 7.8% during the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after purchasing an additional 1,446 shares during the last quarter. Sigma Investment Counselors Inc. lifted its holdings 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 purchasing an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. lifted 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 purchasing an additional 2,839 shares during the last quarter.

Eagle Capital Growth Fund Trading Down 0.4%

NYSEAMERICAN GRF opened at $9.98 on Thursday. The company has a fifty day moving average price of $10.12 and a 200-day moving average price of $10.47. Eagle Capital Growth Fund has a 1 year low of $9.50 and a 1 year high of $11.85.

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.