Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,700 shares, a decline of 18.2% from the May 15th total of 3,300 shares. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is currently 0.5 days.
Shares of GRF traded up $0.17 during trading hours on Friday, hitting $8.70. 1,630 shares of the stock were exchanged, compared to its average volume of 5,763. Eagle Capital Growth Fund has a 12-month low of $8.21 and a 12-month high of $11.25.
An institutional investor recently raised its position in Eagle Capital Growth Fund stock. CSS LLC IL raised its stake in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Rating) by 130.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,211 shares of the company’s stock after buying an additional 22,203 shares during the quarter. CSS LLC IL’s holdings in Eagle Capital Growth Fund were worth $373,000 at the end of the most recent quarter.
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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