Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Shares Shorted: Short Interest Up 139.2% in September

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,048 shares, a growth of 139.2% from the August 31st total of 1,692 shares. Based on an average trading volume of 4,894 shares, the days-to-cover ratio is currently 0.8 days.

Insider Activity at Eagle Capital Growth Fund

In other news, CEO Luke E. Sims bought 2,560 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average price of $9.99 per share, with a total value of $25,574.40. Following the completion of the acquisition, the chief executive officer directly owned 297,827 shares in the company, valued at approximately $2,975,291.73. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Eagle Capital Growth Fund

An institutional investor recently bought a new stake in Eagle Capital Growth Fund stock. Basepoint Wealth LLC bought a new stake in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,616 shares of the company’s stock, valued at approximately $39,000.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN GRF traded up $0.17 on Friday, reaching $10.34. 1,691 shares of the stock traded hands, compared to its average volume of 3,343. The firm’s fifty day simple moving average is $10.37 and its 200 day simple moving average is $10.24. Eagle Capital Growth Fund has a 12 month low of $9.60 and a 12 month high of $11.85.

About Eagle Capital Growth Fund

(Get Free Report)

Eagle Capital Growth Fund, Inc (NYSE American: GRF) is a closed-end management investment company focused on long-term capital appreciation. The fund invests primarily in publicly traded equity securities, with an emphasis on companies that its investment adviser believes offer attractive long-term growth potential.

The fund is advised by Eagle Capital Management, LLC, an investment management firm known for a fundamental, research-driven approach to equity investing. Its portfolio may include investments across a range of industries and geographic markets, although the fund primarily seeks opportunities in established public companies.

Eagle Capital Growth Fund has operated as a publicly traded closed-end fund since its formation in 1988.

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