Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Drops By 17.1%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 12,422 shares, a drop of 17.1% from the December 15th total of 14,982 shares. Based on an average daily volume of 3,133 shares, the short-interest ratio is presently 4.0 days. Based on an average daily volume of 3,133 shares, the short-interest ratio is presently 4.0 days.

Eagle Capital Growth Fund Trading Down 2.0%

NYSEAMERICAN GRF opened at $10.83 on Monday. The stock has a fifty day simple moving average of $10.63 and a 200-day simple moving average of $10.50. Eagle Capital Growth Fund has a twelve month low of $8.86 and a twelve month high of $11.85.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Several large investors have recently added to or reduced their stakes in the business. Matisse Capital purchased a new stake in shares of Eagle Capital Growth Fund during the second quarter worth $127,000. Sigma Investment Counselors Inc. grew its stake in Eagle Capital Growth Fund by 24.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after purchasing an additional 3,264 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Eagle Capital Growth Fund by 10.9% during the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased 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 purchasing an additional 1,511 shares during the period.

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.