Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,591 shares, a decline of 60.7% from the September 15th total of 4,048 shares. Based on an average trading volume of 1,578 shares, the short-interest ratio is presently 1.0 days.
Insider Buying and Selling
In related news, CEO Luke E. Sims acquired 2,560 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $9.99 per share, with a total value of $25,574.40. Following the acquisition, the chief executive officer directly owned 297,827 shares of the company’s stock, 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 filing with the SEC, which is available through this link.
Eagle Capital Growth Fund Price Performance
Shares of NYSEAMERICAN:GRF traded up $0.10 during mid-day trading on Tuesday, reaching $9.86. The stock had a trading volume of 4,425 shares, compared to its average volume of 3,322. The business’s 50 day moving average price is $10.27 and its 200 day moving average price is $10.19. Eagle Capital Growth Fund has a 1 year low of $9.50 and a 1 year high of $11.85.
About Eagle Capital Growth Fund
Eagle Capital Growth Fund, Inc (NYSE American: GRF) is a closed-end investment company that seeks long-term capital appreciation for its shareholders. The fund invests primarily in publicly traded common stocks and other equity securities of companies that its investment adviser believes offer attractive growth prospects.
The fund provides investors with a professionally managed, diversified portfolio rather than operating a conventional business that sells products or services directly to customers.
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