Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Sees Large Decrease in Short Interest

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 14,800 shares, a decline of 26.4% from the August 15th total of 20,100 shares. Based on an average daily volume of 27,700 shares, the days-to-cover ratio is presently 0.5 days.

Shares of NYSEAMERICAN ECF traded up $0.09 during midday trading on Tuesday, hitting $13.80. The stock had a trading volume of 504 shares, compared to its average volume of 45,514. Ellsworth Growth and Income Fund has a fifty-two week low of $11.18 and a fifty-two week high of $17.34.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, September 16th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, September 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.77%.

Large investors have recently bought and sold shares of the business. Baldrige Asset Management LLC bought a new stake in Ellsworth Growth and Income Fund during the second quarter worth about $27,000. Avantax Advisory Services Inc. bought a new stake in Ellsworth Growth and Income Fund in the first quarter valued at approximately $144,000. Cambridge Investment Research Advisors Inc. raised its stake in Ellsworth Growth and Income Fund by 41.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,406 shares of the investment management company’s stock valued at $195,000 after buying an additional 4,249 shares during the period. Mid Atlantic Financial Management Inc. ADV bought a new stake in Ellsworth Growth and Income Fund in the first quarter valued at approximately $266,000. Finally, Stifel Financial Corp raised its stake in Ellsworth Growth and Income Fund by 17.1% in the second quarter. Stifel Financial Corp now owns 34,246 shares of the investment management company’s stock valued at $504,000 after buying an additional 5,000 shares during the period. 32.52% of the stock is owned by hedge funds and other institutional investors.

Ellsworth Growth and Income Fund Company Profile

Operates as a closed-end, diversified management company and invests primarily in convertible securities. It invests in stocks of companies across market capitalizations.

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