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

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a significant 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,558 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of ECF. Ruggaard & Associates LLC acquired a new position in shares of Ellsworth Growth and Income Fund in the second quarter valued at approximately $248,000. Capstone Investment Advisors LLC acquired a new stake in Ellsworth Growth and Income Fund during the 2nd quarter worth approximately $1,076,000. Evolve Private Wealth LLC acquired a new stake in Ellsworth Growth and Income Fund during the 2nd quarter worth approximately $875,000. Beckerman Institutional LLC purchased a new position in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $169,000. Finally, K2 Principal Fund L.P. purchased a new position in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $325,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Trading Down 0.6%

Shares of ECF opened at $12.72 on Thursday. Ellsworth Growth and Income Fund has a 1-year low of $10.60 and a 1-year high of $13.85. The firm has a 50-day simple moving average of $12.76 and a two-hundred day simple moving average of $12.37.

Ellsworth Growth and Income Fund Increases Dividend

The business 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, September 16th. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

About Ellsworth Growth and Income Fund

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.