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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant increase in short interest in the month of 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 trading volume, of 5,800 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity at Eagle Capital Growth Fund

In related news, CEO Luke E. Sims bought 6,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $9.74 per share, for a total transaction of $58,440.00. Following the completion of the transaction, the chief executive officer now directly owns 283,285 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC grew its position in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,524 shares of the company’s stock after purchasing an additional 2,163 shares during the period. 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 Stock Performance

GRF traded up $0.09 on Wednesday, reaching $9.94. 445 shares of the company’s stock were exchanged, compared to its average volume of 2,335. Eagle Capital Growth Fund has a twelve month low of $8.85 and a twelve month high of $11.24.

Eagle Capital Growth Fund Announces Dividend

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

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.