Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Down 36.9% in January

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 7,837 shares, a drop of 36.9% from the December 31st total of 12,422 shares. Based on an average trading volume of 1,217 shares, the short-interest ratio is presently 6.4 days. Based on an average trading volume of 1,217 shares, the short-interest ratio is presently 6.4 days.

Eagle Capital Growth Fund Stock Up 2.1%

Shares of GRF opened at $10.95 on Friday. Eagle Capital Growth Fund has a 1 year low of $8.86 and a 1 year high of $11.85. The stock has a 50 day simple moving average of $10.64 and a two-hundred day simple moving average of $10.55.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Large investors have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC boosted its stake in Eagle Capital Growth Fund by 166.0% in 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. Matisse Capital bought a new position in Eagle Capital Growth Fund during the 2nd quarter valued at about $127,000. Sigma Investment Counselors Inc. raised its holdings in shares of Eagle Capital Growth Fund by 24.5% in the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after buying an additional 3,264 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Eagle Capital Growth Fund by 10.9% in 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 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.