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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of 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 days-to-cover ratio is presently 0.5 days.

Insider Activity at Eagle Capital Growth Fund

In other news, CEO Luke E. Sims purchased 2,560 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average cost of $9.99 per share, with a total value of $25,574.40. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Hedge funds have recently bought and sold shares of the business. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund in the fourth quarter worth $39,000. Blue Bell Private Wealth Management LLC boosted 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 valued at $43,000 after purchasing an additional 1,559 shares during the period. Mariner LLC grew its holdings in shares of 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. Finally, Osaic Holdings Inc. grew its holdings in shares of Eagle Capital Growth Fund by 10.9% in the second 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 last quarter.

Eagle Capital Growth Fund Stock Down 0.1%

Shares of NYSEAMERICAN:GRF traded down $0.01 during trading hours on Friday, hitting $10.42. 3,231 shares of the company’s stock traded hands, compared to its average volume of 3,415. The business has a fifty day moving average price of $10.33 and a 200-day moving average price of $10.26. Eagle Capital Growth Fund has a 1 year low of $9.60 and a 1 year high of $11.85.

About Eagle Capital Growth Fund

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.