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 in April. As of April 15th, there was short interest totaling 282 shares, a drop of 33.0% from the March 31st total of 421 shares. Based on an average daily volume of 1,886 shares, the days-to-cover ratio is currently 0.1 days.

Eagle Capital Growth Fund Price Performance

NYSEAMERICAN GRF traded up $0.15 during mid-day trading on Thursday, reaching $10.20. 352 shares of the company’s stock traded hands, compared to its average volume of 1,828. Eagle Capital Growth Fund has a 1-year low of $9.50 and a 1-year high of $11.85. The company has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $10.60.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its holdings in Eagle Capital Growth Fund by 166.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after buying an additional 1,511 shares during the last quarter. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund during the 4th quarter worth approximately $39,000. Matisse Capital lifted its holdings in Eagle Capital Growth Fund by 26.5% during the 3rd quarter. Matisse Capital now owns 16,262 shares of the company’s stock worth $171,000 after buying an additional 3,402 shares during the last quarter. Mariner LLC lifted its holdings 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 during the last quarter. Finally, Sigma Investment Counselors Inc. lifted its holdings 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 during 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.