Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Down 93.7% in May

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 12 shares, a decrease of 93.7% from the April 30th total of 191 shares. Based on an average daily trading volume, of 2,680 shares, the short-interest ratio is currently 0.0 days.

Eagle Capital Growth Fund Stock Down 1.4%

Shares of GRF traded down $0.15 during trading hours on Thursday, reaching $10.20. 3,409 shares of the company traded hands, compared to its average volume of 3,244. The stock’s fifty day moving average is $10.19 and its 200 day moving average is $10.52. Eagle Capital Growth Fund has a 1-year low of $9.50 and a 1-year high of $11.85.

Insider Activity at Eagle Capital Growth Fund

In related news, CFO David C. Sims acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $10.00 per share, with a total value 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 approximately $2,200,320. This represents a 4.76% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund during the fourth quarter valued at about $39,000. Blue Bell Private Wealth Management LLC raised 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 in the last quarter. Mariner LLC raised its position in 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 in the last quarter. Sigma Investment Counselors Inc. raised its position in Eagle Capital Growth Fund by 31.0% in the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after purchasing an additional 5,136 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in 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 in the last quarter.

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.