Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Rises By 9,091.4%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 14,982 shares, a growth of 9,091.4% from the November 30th total of 163 shares. Based on an average daily volume of 14,383 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 14,383 shares, the days-to-cover ratio is currently 1.0 days.

Eagle Capital Growth Fund Price Performance

Shares of GRF opened at $10.72 on Friday. Eagle Capital Growth Fund has a 1-year low of $8.86 and a 1-year high of $11.85. The firm has a fifty day moving average price of $10.61 and a 200 day moving average price of $10.38.

Eagle Capital Growth Fund Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a dividend yield of 842.0%.

Insider Buying and Selling at Eagle Capital Growth Fund

In other news, CFO David C. Sims acquired 2,840 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was acquired at an average cost of $10.73 per share, with a total value of $30,473.20. Following the transaction, the chief financial officer owned 210,032 shares in the company, valued at approximately $2,253,643.36. This trade represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 16,386 shares of company stock valued at $173,126.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRF. Matisse Capital acquired a new position in shares of Eagle Capital Growth Fund in the 2nd quarter valued at $127,000. Sigma Investment Counselors Inc. increased its position in Eagle Capital Growth Fund by 24.5% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock valued at $161,000 after acquiring an additional 3,264 shares during the period. Osaic Holdings Inc. grew its stake in shares of Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after purchasing an additional 2,839 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Eagle Capital Growth Fund by 166.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after purchasing an additional 1,511 shares during the last quarter.

About Eagle Capital Growth Fund

Eagle Capital Growth Fund Inc (NYSE American: GRF) is a diversified, closed-end management investment company that seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign issuers. Launched in December 2012, the fund follows a value-oriented investment approach, targeting companies with durable competitive advantages, solid cash flows and attractive valuation metrics.

Advised by Eagle Capital Management LLC, a Boston-based investment firm specializing in fundamental, bottom-up research, the fund’s portfolio includes publicly traded common stocks and, when appropriate, convertible securities.