Short Interest in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Drops By 62.2%

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

Ellsworth Growth and Income Fund Price Performance

Shares of Ellsworth Growth and Income Fund stock opened at $13.51 on Friday. The business’s 50 day simple moving average is $12.18 and its 200 day simple moving average is $12.00. Ellsworth Growth and Income Fund has a 52-week low of $9.58 and a 52-week high of $13.53.

Ellsworth Growth and Income Fund Dividend Announcement

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

Institutional Trading of Ellsworth Growth and Income Fund

Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 33.8% in the third quarter. Advisors Asset Management Inc. now owns 227,875 shares of the investment management company’s stock worth $2,643,000 after purchasing an additional 57,520 shares in the last quarter. Uhlmann Price Securities LLC lifted its position in shares of Ellsworth Growth and Income Fund by 1.7% in the third quarter. Uhlmann Price Securities LLC now owns 67,837 shares of the investment management company’s stock worth $787,000 after purchasing an additional 1,157 shares in the last quarter. LPL Financial LLC lifted its position in shares of Ellsworth Growth and Income Fund by 27.7% in the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock worth $271,000 after purchasing an additional 5,051 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Ellsworth Growth and Income Fund by 11.1% in the second quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock worth $157,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Gilpin Wealth Management LLC acquired a new position in shares of Ellsworth Growth and Income Fund during the 4th quarter worth about $47,000. Institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

(Get Free Report)

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.

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