Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Drops By 76.0%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 600 shares, a decrease of 76.0% from the September 15th total of 2,500 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 0.3 days.

Eagle Capital Growth Fund Stock Performance

NYSEAMERICAN:GRF opened at $11.11 on Friday. The stock’s 50 day moving average price is $10.53 and its two-hundred day moving average price is $10.06. Eagle Capital Growth Fund has a 12-month low of $8.85 and a 12-month high of $11.68.

Eagle Capital Growth Fund Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.85 dividend. The ex-dividend date is Friday, November 21st. This represents a yield of 805.0%.

Insider Activity

In related news, CFO David C. Sims bought 2,840 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were acquired at an average price of $10.73 per share, for a total transaction of $30,473.20. Following the completion of the acquisition, the chief financial officer owned 210,032 shares of the company’s stock, valued at approximately $2,253,643.36. The trade was a 1.37% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donald G. Tyler sold 3,240 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $10.02, for a total value of $32,464.80. Following the sale, the director owned 7,036 shares in the company, valued at $70,500.72. The trade was a 31.53% decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently bought and sold shares of GRF. Matisse Capital bought a new stake in Eagle Capital Growth Fund in the second quarter valued at approximately $127,000. Sigma Investment Counselors Inc. grew its position in shares of Eagle Capital Growth Fund by 24.5% in the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock valued at $161,000 after purchasing an additional 3,264 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after purchasing an additional 2,839 shares during the last quarter.

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.