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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 400 shares, a decline of 20.0% from the January 31st total of 500 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is currently 0.1 days.

Eagle Capital Growth Fund Trading Down 4.0 %

Eagle Capital Growth Fund stock traded down $0.41 during trading on Wednesday, hitting $9.82. The company’s stock had a trading volume of 5,471 shares, compared to its average volume of 3,660. The stock has a fifty day moving average price of $9.83. Eagle Capital Growth Fund has a 1-year low of $8.85 and a 1-year high of $11.24.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC boosted its stake in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the third quarter, according to the company in its most recent disclosure with the SEC. 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 SEC.

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.