Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Update

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 227 shares, a drop of 89.9% from the July 30th total of 2,257 shares. Based on an average trading volume of 2,902 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC raised 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 valued at $215,000 after acquiring an additional 1,446 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Eagle Capital Growth Fund by 64.4% in the 4th 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 period. Osaic Holdings Inc. increased 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 buying an additional 2,839 shares during the period. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund in the fourth quarter worth approximately $39,000. Finally, Sigma Investment Counselors Inc. boosted its position in Eagle Capital Growth Fund by 31.0% during the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after acquiring an additional 5,136 shares in the last quarter.

Eagle Capital Growth Fund Stock Performance

GRF stock traded down $0.26 during midday trading on Wednesday, reaching $10.50. The company’s stock had a trading volume of 2,445 shares, compared to its average volume of 3,080. Eagle Capital Growth Fund has a 1 year low of $9.60 and a 1 year high of $11.85. The stock has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $10.31.

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.