Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Rating) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 3,200 shares, a drop of 11.1% from the November 30th total of 3,600 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Eagle Capital Growth Fund stock. CoreCap Advisors LLC bought a new stake in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,125 shares of the company's stock, valued at approximately $35,000.
Get Eagle Capital Growth Fund alerts:Eagle Capital Growth Fund Stock Down 0.8 %
GRF stock traded down $0.07 during midday trading on Tuesday, hitting $8.50. The stock had a trading volume of 15,594 shares, compared to its average volume of 7,074. Eagle Capital Growth Fund has a 52 week low of $7.80 and a 52 week high of $11.25.
Eagle Capital Growth Fund Cuts Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, December 14th. Shareholders of record on Friday, November 18th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, November 17th. This represents a dividend yield of 0.3%.About Eagle Capital Growth Fund
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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.
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