Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Sees Large Decline in Short Interest

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant 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 daily volume of 2,902 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRF. Osaic Holdings Inc. increased its holdings in Eagle Capital Growth Fund by 10.9% in the 2nd 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. Sigma Investment Counselors Inc. increased its holdings in shares of 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 worth $232,000 after buying an additional 5,136 shares in the last quarter. Mariner LLC increased its holdings in shares of Eagle Capital Growth Fund by 7.8% during the fourth 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. Blue Bell Private Wealth Management LLC raised its stake in shares of 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 valued at $43,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund in the fourth quarter valued at approximately $39,000.

Eagle Capital Growth Fund Price Performance

Shares of Eagle Capital Growth Fund stock traded down $0.09 on Tuesday, reaching $10.76. The stock had a trading volume of 2,807 shares, compared to its average volume of 3,085. The business’s 50-day moving average price is $10.25 and its two-hundred day moving average price is $10.31. Eagle Capital Growth Fund has a fifty-two week low of $9.60 and a fifty-two week high of $11.85.

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.