Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 2,300.0% in October

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,400 shares, a growth of 2,300.0% from the September 30th total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.6 days.

Insider Transactions at Eagle Capital Growth Fund

In related news, CFO David C. Sims purchased 4,069 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was bought at an average price of $9.75 per share, for a total transaction of $39,672.75. Following the completion of the transaction, the chief financial officer now owns 191,673 shares in the company, valued at approximately $1,868,811.75. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have bought 7,615 shares of company stock valued at $73,705.

Institutional Trading of Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Matisse Capital increased its holdings in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 86.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,158 shares of the company’s stock after buying an additional 22,368 shares during the period. Matisse Capital’s holdings in Eagle Capital Growth Fund were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Eagle Capital Growth Fund Trading Down 1.3 %

Shares of NYSEAMERICAN:GRF opened at $9.82 on Friday. Eagle Capital Growth Fund has a 1 year low of $7.93 and a 1 year high of $10.19.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.