Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 122.2% in November

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,000 shares, an increase of 122.2% from the October 31st total of 900 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 0.5 days.

Eagle Capital Growth Fund Stock Up 5.1 %

NYSEAMERICAN:GRF traded up $0.51 during mid-day trading on Friday, hitting $10.40. The stock had a trading volume of 788 shares, compared to its average volume of 3,649. Eagle Capital Growth Fund has a twelve month low of $8.25 and a twelve month high of $10.99.

Eagle Capital Growth Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 0.7%.

Insider Activity

In other news, CFO David C. Sims bought 4,069 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Tuesday, October 1st. The shares were purchased at an average price of $9.75 per share, with a total value of $39,672.75. Following the completion of the acquisition, the chief financial officer now directly owns 191,673 shares in the company, valued at $1,868,811.75. The trade was a 2.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders acquired 7,615 shares of company stock valued at $73,705.

Institutional Trading of Eagle Capital Growth Fund

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC grew its stake in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission.

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.