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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 400 shares, a decrease of 91.7% from the December 31st total of 4,800 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is currently 0.1 days.

Eagle Capital Growth Fund Trading Up 1.5 %

NYSEAMERICAN GRF traded up $0.15 on Tuesday, reaching $9.84. 274 shares of the company’s stock traded hands, compared to its average volume of 3,034. Eagle Capital Growth Fund has a 12 month low of $8.78 and a 12 month high of $11.24.

Eagle Capital Growth Fund Dividend Announcement

The business also recently announced a — dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a $0.68 dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Friday, November 29th.

Insider Buying and Selling

In other Eagle Capital Growth Fund news, CEO Luke E. Sims bought 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $9.74 per share, for a total transaction of $58,440.00. Following the purchase, the chief executive officer now directly owns 283,285 shares of the company’s stock, valued at $2,759,195.90. The trade was a 2.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC increased its position in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,524 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission.

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.