Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Declines By 62.5%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, a drop of 62.5% from the October 15th total of 2,400 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 0.2 days.

Insider Transactions at Eagle Capital Growth Fund

In related news, CFO David C. Sims bought 4,069 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was bought at an average cost of $9.75 per share, for a total transaction of $39,672.75. Following the transaction, the chief financial officer now owns 191,673 shares of the company’s stock, valued at $1,868,811.75. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 7,615 shares of company stock worth $73,705 in the last three months.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC boosted its position in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,524 shares of the company’s stock after purchasing 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 SEC.

Eagle Capital Growth Fund Price Performance

Shares of GRF opened at $10.18 on Wednesday. Eagle Capital Growth Fund has a twelve month low of $7.93 and a twelve month high of $10.26.

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.