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

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a significant increase in short interest in 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,667 shares, the short-interest ratio is currently 0.2 days.

Ellsworth Growth and Income Fund Stock Performance

Shares of NYSEAMERICAN ECF traded up $0.33 during mid-day trading on Friday, hitting $13.26. 17,113 shares of the stock were exchanged, compared to its average volume of 36,006. The stock’s fifty day simple moving average is $12.56 and its two-hundred day simple moving average is $12.09. Ellsworth Growth and Income Fund has a twelve month low of $9.58 and a twelve month high of $13.85.

Ellsworth Growth and Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Ellsworth Growth and Income Fund

Hedge funds have recently modified their holdings of the stock. Gilpin Wealth Management LLC bought a new stake in shares of Ellsworth Growth and Income Fund during the fourth quarter valued at approximately $47,000. Osaic Holdings Inc. grew 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 purchasing an additional 1,535 shares during the last quarter. PMG Family Office LLC bought a new stake in shares of Ellsworth Growth and Income Fund during the third quarter valued at approximately $212,000. LPL Financial LLC grew its stake in shares of Ellsworth Growth and Income Fund by 27.7% during the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 5,051 shares during the last quarter. Finally, K2 Principal Fund L.P. grew its stake in shares of Ellsworth Growth and Income Fund by 3.5% during the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 834 shares during the last quarter. 35.88% of the stock is owned by institutional investors.

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.