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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,913 shares, a decline of 58.5% from the February 12th total of 4,613 shares. Based on an average daily volume of 1,174 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 1,174 shares, the days-to-cover ratio is presently 1.6 days.

Eagle Capital Growth Fund Trading Down 1.1%

NYSEAMERICAN:GRF opened at $10.47 on Wednesday. Eagle Capital Growth Fund has a one year low of $8.86 and a one year high of $11.85. The stock has a 50-day simple moving average of $10.82 and a 200 day simple moving average of $10.68.

Institutional Trading of Eagle Capital Growth Fund

Large investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Eagle Capital Growth Fund by 166.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock valued at $25,000 after acquiring an additional 1,511 shares in the last quarter. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund during the 4th quarter valued at $39,000. Matisse Capital increased its position in shares of Eagle Capital Growth Fund by 26.5% during the 3rd quarter. Matisse Capital now owns 16,262 shares of the company’s stock valued at $171,000 after purchasing an additional 3,402 shares during the period. Mariner LLC raised its stake 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 worth $215,000 after buying an additional 1,446 shares in the last quarter. Finally, Sigma Investment Counselors Inc. raised its stake 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 worth $232,000 after buying an additional 5,136 shares in the last quarter.

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.