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

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

Insider Activity

In related news, CFO David C. Sims acquired 10,000 shares of the firm’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 acquisition, the chief financial officer directly owned 220,032 shares in the company, valued at $2,200,320. This represents a 4.76% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Mariner LLC lifted its holdings in shares of Eagle Capital Growth Fund by 7.8% in the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after buying an additional 1,446 shares during the period. Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund in the 4th quarter valued at about $39,000. Osaic Holdings Inc. lifted its holdings in shares of 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. Blue Bell Private Wealth Management LLC lifted its holdings 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 valued at $43,000 after buying an additional 1,559 shares during the period. Finally, Sigma Investment Counselors Inc. lifted its holdings in shares of Eagle Capital Growth Fund by 31.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after buying an additional 5,136 shares during the period.

Eagle Capital Growth Fund Stock Performance

Shares of GRF stock traded up $0.12 on Tuesday, hitting $10.02. The company had a trading volume of 1,657 shares, compared to its average volume of 3,371. The company has a 50-day moving average price of $10.13 and a 200-day moving average price of $10.48. Eagle Capital Growth Fund has a twelve month low of $9.50 and a twelve month 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.