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

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 3,995 shares, a decrease of 53.6% from the June 15th total of 8,601 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,690 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of ECF. Gilpin Wealth Management LLC purchased a new position in Ellsworth Growth and Income Fund in the 4th quarter worth about $47,000. Osaic Holdings Inc. boosted its holdings 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 buying an additional 1,535 shares during the period. PMG Family Office LLC acquired a new position in shares of Ellsworth Growth and Income Fund in the third quarter worth about $212,000. LPL Financial LLC boosted its holdings 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 buying an additional 5,051 shares during the period. Finally, K2 Principal Fund L.P. increased its position in shares of Ellsworth Growth and Income Fund by 3.5% in the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock worth $286,000 after acquiring an additional 834 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of NYSEAMERICAN:ECF traded down $0.13 on Thursday, reaching $12.46. 9,656 shares of the company traded hands, compared to its average volume of 33,787. The company’s 50 day moving average is $13.02 and its 200-day moving average is $12.30. Ellsworth Growth and Income Fund has a fifty-two week low of $10.33 and a fifty-two week high of $13.85.

Ellsworth Growth and Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.1%.

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.