Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 122.2% in November

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,000 shares, a growth of 122.2% from the October 31st total of 900 shares. Based on an average daily trading volume, of 4,100 shares, the short-interest ratio is presently 0.5 days.

Eagle Capital Growth Fund Price Performance

Shares of GRF traded up $0.51 during mid-day trading on Friday, reaching $10.40. The stock had a trading volume of 788 shares, compared to its average volume of 3,649. Eagle Capital Growth Fund has a 52-week low of $8.25 and a 52-week high of $10.99.

Eagle Capital Growth Fund Announces Dividend

The business also recently announced a — dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.68 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend is Friday, November 29th.

Insider Activity

In other Eagle Capital Growth Fund news, CFO David C. Sims bought 4,069 shares of Eagle Capital Growth Fund stock in a transaction dated Tuesday, October 1st. The stock was acquired at an average cost of $9.75 per share, for a total transaction of $39,672.75. Following the completion of the transaction, the chief financial officer now directly owns 191,673 shares of the company’s stock, valued at approximately $1,868,811.75. This represents a 2.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 7,615 shares of company stock worth $73,705 over the last three months.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC grew its holdings in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the 3rd quarter, according to the company in its most recent Form 13F filing 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 at the end of the most recent reporting period.

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.