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

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECFGet Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 7,888 shares, an increase of 503.5% from the May 14th total of 1,307 shares. Based on an average daily volume of 38,667 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

A number of institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Ellsworth Growth and Income Fund by 31.2% in the second quarter. Invesco Ltd. now owns 161,109 shares of the investment management company’s stock worth $1,651,000 after acquiring an additional 38,271 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Ellsworth Growth and Income Fund by 1.0% in the second quarter. Baird Financial Group Inc. now owns 145,155 shares of the investment management company’s stock worth $1,488,000 after acquiring an additional 1,475 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Ellsworth Growth and Income Fund by 44.8% in the second quarter. NewEdge Advisors LLC now owns 75,407 shares of the investment management company’s stock worth $773,000 after acquiring an additional 23,340 shares during the last quarter. Osaic Holdings Inc. grew its stake 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 acquiring an additional 1,535 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake 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 acquiring an additional 57,520 shares during the last quarter. Institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Trading Down 1.3%

Shares of NYSEAMERICAN:ECF traded down $0.17 during trading on Wednesday, reaching $12.70. The stock had a trading volume of 28,184 shares, compared to its average volume of 36,322. Ellsworth Growth and Income Fund has a 52 week low of $9.58 and a 52 week high of $13.85. The stock has a fifty day simple moving average of $12.49 and a two-hundred day simple moving average of $12.07.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.0%.

Ellsworth Growth and Income Fund Company Profile

(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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