Short Interest in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Increases By 167.8%

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,829 shares, an increase of 167.8% from the August 15th total of 683 shares. Based on an average daily volume of 24,666 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Insider Activity at Ellsworth Growth and Income Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 6,800 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of $12.36 per share, for a total transaction of $84,048.00. Following the completion of the acquisition, the insider directly owned 1,628,462 shares in the company, valued at approximately $20,127,790.32. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 24,189 shares of company stock valued at $300,289 in the last 90 days. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. increased its position in Ellsworth Growth and Income Fund by 4.9% during the 4th quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock worth $10,846,000 after buying an additional 43,839 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of Ellsworth Growth and Income Fund by 7.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 199,783 shares of the investment management company’s stock valued at $2,323,000 after acquiring an additional 13,974 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Ellsworth Growth and Income Fund in the second quarter valued at about $1,076,000. Evolve Private Wealth LLC acquired a new position in shares of Ellsworth Growth and Income Fund in the second quarter valued at about $875,000. Finally, Uhlmann Price Securities LLC increased its position in Ellsworth Growth and Income Fund by 1.5% during the first quarter. Uhlmann Price Securities LLC now owns 68,718 shares of the investment management company’s stock worth $766,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Stock Performance

NYSEAMERICAN ECF opened at $12.37 on Tuesday. The firm has a 50-day moving average of $12.52 and a 200-day moving average of $12.41. Ellsworth Growth and Income Fund has a 52-week low of $10.70 and a 52-week high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.1%. This is a boost from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, September 16th.

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.