Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Down 37.6% in June

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,119 shares, a decline of 37.6% from the June 15th total of 1,794 shares. Based on an average daily volume of 1,806 shares, the days-to-cover ratio is presently 0.6 days.

Eagle Capital Growth Fund Stock Performance

Shares of NYSEAMERICAN GRF opened at $10.23 on Friday. The stock’s 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $10.40. Eagle Capital Growth Fund has a twelve month low of $9.60 and a twelve month high of $11.85.

Insiders Place Their Bets

In other news, CFO David C. Sims acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the chief financial officer owned 220,032 shares of the company’s stock, valued at $2,200,320. The trade was a 4.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Eagle Capital Growth Fund

A number of hedge funds have recently made changes to their positions in the stock. Sigma Investment Counselors Inc. raised 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 purchasing an additional 5,136 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of 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 worth $43,000 after acquiring an additional 1,559 shares in the last quarter. Basepoint Wealth LLC bought a new stake in shares of Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Mariner LLC boosted its stake in shares of Eagle Capital Growth Fund by 7.8% in the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the period.

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.