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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of 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 daily trading volume, of 1,578 shares, the short-interest ratio is currently 1.0 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims bought 2,560 shares of Eagle Capital Growth Fund stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $25,574.40. Following the acquisition, the chief executive officer directly owned 297,827 shares in the company, valued at approximately $2,975,291.73. This represents a 0.87% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Eagle Capital Growth Fund Trading Up 1.1%

GRF traded up $0.10 on Tuesday, hitting $9.86. The company had a trading volume of 4,425 shares, compared to its average volume of 3,322. Eagle Capital Growth Fund has a 12-month low of $9.50 and a 12-month high of $11.85. The business’s fifty day simple moving average is $10.27 and its 200 day simple moving average is $10.19.

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.