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

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

Ellsworth Growth and Income Fund Stock Performance

Shares of ECF traded up $0.11 during trading hours on Monday, reaching $13.62. 47,781 shares of the company’s stock traded hands, compared to its average volume of 37,940. The firm’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $12.01. Ellsworth Growth and Income Fund has a 12 month low of $9.58 and a 12 month high of $13.62.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Ellsworth Growth and Income Fund by 16.8% in the 1st quarter. Royal Bank of Canada now owns 55,309 shares of the investment management company’s stock worth $617,000 after purchasing an additional 7,955 shares during the period. Waverly Advisors LLC increased its stake in shares of Ellsworth Growth and Income Fund by 3.2% during the first quarter. Waverly Advisors LLC now owns 42,499 shares of the investment management company’s stock valued at $474,000 after buying an additional 1,300 shares during the period. Private Advisor Group LLC increased its stake in shares of Ellsworth Growth and Income Fund by 7.6% during the first quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock valued at $301,000 after buying an additional 1,916 shares during the period. Uhlmann Price Securities LLC increased its stake in shares of 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 valued at $766,000 after buying an additional 1,000 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in shares of Ellsworth Growth and Income Fund by 4.9% during the fourth quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after buying an additional 43,839 shares during the period. 35.88% of the stock is owned by hedge funds and other institutional investors.

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.