Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Sees Significant Growth in Short Interest

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 5,000 shares, an increase of 1,150.0% from the February 13th total of 400 shares. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC raised its holdings in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Eagle Capital Growth Fund Trading Up 2.2 %

Shares of NYSEAMERICAN GRF opened at $9.81 on Friday. Eagle Capital Growth Fund has a 12-month low of $8.85 and a 12-month high of $11.24. The firm has a 50-day simple moving average of $9.81.

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.