Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Update

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 400 shares, a drop of 91.7% from the December 31st 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 Buying and Selling

In other Eagle Capital Growth Fund news, CEO Luke E. Sims acquired 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of $9.74 per share, for a total transaction of $58,440.00. Following the completion of the purchase, the chief executive officer now owns 283,285 shares in the company, valued at $2,759,195.90. This trade represents a 2.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Eagle Capital Growth Fund

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC increased 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 buying 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

NYSEAMERICAN GRF opened at $9.77 on Wednesday. Eagle Capital Growth Fund has a one year low of $8.78 and a one year high of $11.24.

Eagle Capital Growth Fund Announces Dividend

The company also recently announced a — dividend, which was paid on Thursday, December 19th. Stockholders 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.

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.