Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 367.2% in June

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,794 shares, an increase of 367.2% from the May 31st total of 384 shares. Based on an average trading volume of 3,882 shares, the short-interest ratio is presently 0.5 days.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN GRF traded down $0.18 on Friday, reaching $10.01. The company had a trading volume of 4,854 shares, compared to its average volume of 3,181. The firm’s 50 day moving average price is $10.07 and its 200 day moving average price is $10.47. Eagle Capital Growth Fund has a 12 month low of $9.60 and a 12 month high of $11.85.

Insider Buying and Selling

In other news, CFO David C. Sims purchased 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was acquired 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 directly owned 220,032 shares in the company, valued at $2,200,320. This trade represents a 4.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several institutional investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund during the 4th quarter valued at approximately $39,000. Blue Bell Private Wealth Management LLC increased its position 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. Mariner LLC raised its stake 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 in the last quarter. Sigma Investment Counselors Inc. raised its stake 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. Finally, Osaic Holdings Inc. raised its stake 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 in the last quarter.

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.