Short Interest in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Drops By 37.6%

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 3,904 shares, a drop of 37.6% from the July 15th total of 6,261 shares. Based on an average trading volume of 14,558 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Ellsworth Growth and Income Fund

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in shares of Ellsworth Growth and Income Fund during the 2nd quarter worth approximately $28,000. Gilpin Wealth Management LLC acquired a new position in shares of Ellsworth Growth and Income Fund in the fourth quarter worth $47,000. Beckerman Institutional LLC purchased a new stake in shares of Ellsworth Growth and Income Fund in the second quarter valued at $169,000. Osaic Holdings Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 11.1% during the second quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock valued at $157,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Ruggaard & Associates LLC purchased a new stake in Ellsworth Growth and Income Fund during the 2nd quarter worth about $248,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Ellsworth Growth and Income Fund Stock Performance

NYSEAMERICAN ECF traded down $0.07 during mid-day trading on Wednesday, hitting $12.72. The stock had a trading volume of 16,725 shares, compared to its average volume of 31,099. The company has a 50 day simple moving average of $12.76 and a 200 day simple moving average of $12.37. Ellsworth Growth and Income Fund has a 52-week low of $10.60 and a 52-week high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a $0.22 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 6.9%. This is a boost from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

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.