Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Short Interest Update

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,307 shares, a decline of 62.2% from the April 30th total of 3,461 shares. Based on an average daily trading volume, of 41,021 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Ellsworth Growth and Income Fund Price Performance

Shares of NYSEAMERICAN:ECF traded up $0.11 on Friday, reaching $13.51. The company had a trading volume of 34,124 shares, compared to its average volume of 37,940. Ellsworth Growth and Income Fund has a twelve month low of $9.58 and a twelve month high of $13.53. The stock has a 50-day moving average price of $12.18 and a 200 day moving average price of $12.00.

Ellsworth Growth and Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Several large investors have recently made changes to their positions in the business. Saba Capital Management L.P. lifted its position in shares of Ellsworth Growth and Income Fund by 2.8% during the 4th quarter. Saba Capital Management L.P. now owns 1,680,620 shares of the investment management company’s stock worth $19,546,000 after purchasing an additional 45,368 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Ellsworth Growth and Income Fund by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 946,404 shares of the investment management company’s stock worth $11,007,000 after purchasing an additional 30,142 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 4.9% during the 4th quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock worth $10,846,000 after purchasing an additional 43,839 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 72.9% during the 4th quarter. Advisors Asset Management Inc. now owns 393,918 shares of the investment management company’s stock worth $4,581,000 after purchasing an additional 166,043 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in Ellsworth Growth and Income Fund by 42.0% during the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock valued at $4,525,000 after acquiring an additional 115,441 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.