Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Down 91.7% in January

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a large drop in short interest during the month of 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 currently 0.1 days.

Insider Buying and Selling

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

Institutional Trading of Eagle Capital Growth Fund

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC boosted its position in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,524 shares of the company’s stock after acquiring an additional 2,163 shares during the quarter. Wolverine Asset Management LLC’s holdings in Eagle Capital Growth Fund were worth $45,000 at the end of the most recent reporting period.

Eagle Capital Growth Fund Stock Up 1.5 %

Shares of NYSEAMERICAN:GRF traded up $0.15 during midday trading on Tuesday, hitting $9.84. 274 shares of the stock traded hands, compared to its average volume of 3,034. Eagle Capital Growth Fund has a one year low of $8.78 and a one year high of $11.24.

Eagle Capital Growth Fund Dividend Announcement

The company also recently announced a — dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given 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.