Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 3,100.0% in May

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 384 shares, a growth of 3,100.0% from the May 14th total of 12 shares. Based on an average daily volume of 10,547 shares, the days-to-cover ratio is currently 0.0 days.

Eagle Capital Growth Fund Stock Performance

GRF stock traded up $0.12 during mid-day trading on Tuesday, reaching $10.02. 1,657 shares of the company’s stock were exchanged, compared to its average volume of 3,371. The stock’s 50 day moving average is $10.13 and its 200 day moving average is $10.48. Eagle Capital Growth Fund has a 12-month low of $9.50 and a 12-month high of $11.85.

Insider Transactions at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CFO David C. Sims purchased 10,000 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average price 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. This trade represents a 4.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Trading of Eagle Capital Growth Fund

A number of institutional investors and hedge funds have recently modified their holdings of GRF. Osaic Holdings Inc. increased its stake in shares of Eagle Capital Growth Fund by 10.9% during 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. Sigma Investment Counselors Inc. increased its stake 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 worth $232,000 after buying an additional 5,136 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Eagle Capital Growth Fund by 64.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after buying an additional 1,559 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund during the 4th quarter worth approximately $39,000. Finally, Mariner LLC increased its stake in Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after buying an additional 1,446 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.