Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Short Interest Update

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 7,888 shares, a growth of 503.5% from the May 14th total of 1,307 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 38,667 shares, the days-to-cover ratio is presently 0.2 days.

Ellsworth Growth and Income Fund Price Performance

Shares of NYSEAMERICAN ECF traded down $0.17 during mid-day trading on Wednesday, reaching $12.70. The company had a trading volume of 28,184 shares, compared to its average volume of 36,322. The stock has a fifty day moving average of $12.49 and a two-hundred day moving average of $12.07. Ellsworth Growth and Income Fund has a 12-month low of $9.58 and a 12-month high of $13.85.

Ellsworth Growth and Income Fund Dividend Announcement

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 given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

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

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.