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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 500 shares, an increase of 400.0% from the January 15th total of 100 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity at Eagle Capital Growth Fund

In other news, CEO Luke E. Sims purchased 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $9.74 per share, with a total value of $58,440.00. Following the completion of the acquisition, the chief executive officer now owns 283,285 shares of the company’s stock, valued at $2,759,195.90. This trade represents a 2.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC lifted its holdings in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,524 shares of the company’s stock after acquiring an additional 2,163 shares during the quarter. Wolverine Asset Management LLC’s holdings in Eagle Capital Growth Fund were worth $45,000 as of its most recent SEC filing.

Eagle Capital Growth Fund Trading Up 0.9 %

NYSEAMERICAN:GRF opened at $9.94 on Thursday. Eagle Capital Growth Fund has a 12 month low of $8.85 and a 12 month high of $11.24.

Eagle Capital Growth Fund Announces Dividend

The company also recently declared a — dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a dividend of $0.68 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 0.7%.

Eagle Capital Growth Fund Company Profile

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.