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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 700 shares, an increase of 16.7% from the May 15th total of 600 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 0.3 days.

Eagle Capital Growth Fund Price Performance

Shares of NYSEAMERICAN GRF opened at $9.35 on Tuesday. Eagle Capital Growth Fund has a 1 year low of $7.93 and a 1 year high of $10.19.

Hedge Funds Weigh In On Eagle Capital Growth Fund

An institutional investor recently bought a new position in Eagle Capital Growth Fund stock. Kanawha Capital Management LLC bought a new position in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,650 shares of the company’s stock, valued at approximately $107,000.

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.