Short Interest in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Drops By 62.2%

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,307 shares, a decline of 62.2% from the April 30th total of 3,461 shares. Based on an average daily trading volume, of 41,021 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in shares of Ellsworth Growth and Income Fund by 33.8% during 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 in the last quarter. Pathstone Holdings LLC increased its holdings in Ellsworth Growth and Income Fund by 42.0% during the 3rd quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock worth $4,525,000 after purchasing an additional 115,441 shares in the last quarter. Invesco Ltd. increased its holdings in Ellsworth Growth and Income Fund by 17.2% during the 4th quarter. Invesco Ltd. now owns 232,215 shares of the investment management company’s stock worth $2,701,000 after purchasing an additional 34,026 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Ellsworth Growth and Income Fund by 16.0% during the 4th quarter. Guggenheim Capital LLC now owns 164,329 shares of the investment management company’s stock worth $1,911,000 after purchasing an additional 22,611 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Ellsworth Growth and Income Fund during the 4th quarter worth about $811,000. Institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF stock opened at $13.51 on Friday. Ellsworth Growth and Income Fund has a 12-month low of $9.58 and a 12-month high of $13.53. The firm has a fifty day moving average of $12.18 and a 200-day moving average of $12.00.

Ellsworth Growth and Income Fund Announces Dividend

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 issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 5.6%.

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.