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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 400 shares, a decrease of 91.7% from the December 15th total of 4,800 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity

In other news, CEO Luke E. Sims purchased 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $9.74 per share, with a total value of $58,440.00. Following the acquisition, the chief executive officer now directly owns 283,285 shares in the company, valued at approximately $2,759,195.90. The trade was a 2.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC raised its holdings 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 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Eagle Capital Growth Fund Price Performance

Shares of NYSEAMERICAN GRF traded up $0.02 during midday trading on Monday, reaching $9.52. 3,481 shares of the company traded hands, compared to its average volume of 4,526. Eagle Capital Growth Fund has a 12 month low of $8.72 and a 12 month high of $11.24.

Eagle Capital Growth Fund Announces Dividend

The firm also recently declared a — dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $0.68 per share. The ex-dividend date of this dividend 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.