Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 37.1% in December

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,800 shares, an increase of 37.1% from the November 30th total of 3,500 shares. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is presently 0.8 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In other news, CEO Luke E. Sims bought 6,000 shares of Eagle Capital Growth Fund stock in a transaction on Wednesday, December 4th. The shares were bought at an average price of $9.74 per share, with a total value of $58,440.00. Following the acquisition, the chief executive officer now directly owns 283,285 shares in the company, valued at approximately $2,759,195.90. This represents a 2.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David C. Sims purchased 4,069 shares of Eagle Capital Growth Fund stock in a transaction dated Tuesday, October 1st. The shares were purchased at an average cost of $9.75 per share, with a total value of $39,672.75. Following the acquisition, the chief financial officer now owns 191,673 shares of the company’s stock, valued at approximately $1,868,811.75. This trade represents a 2.17 % increase in their position. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Eagle Capital Growth Fund

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC lifted its holdings in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the 3rd quarter, according to its most recent 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 as of its most recent SEC filing.

Eagle Capital Growth Fund Trading Down 3.7 %

Shares of NYSEAMERICAN:GRF traded down $0.38 during midday trading on Monday, hitting $9.83. 371 shares of the stock were exchanged, compared to its average volume of 4,497. Eagle Capital Growth Fund has a 52-week low of $8.72 and a 52-week high of $11.24.

Eagle Capital Growth Fund Dividend Announcement

The company also recently announced a — dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a $0.68 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 0.7%.

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.