Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Short Interest Down 52.9% in February

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 16,864 shares, a decline of 52.9% from the February 12th total of 35,777 shares. Based on an average daily trading volume, of 35,420 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 35,420 shares, the short-interest ratio is currently 0.5 days.

Ellsworth Growth and Income Fund Stock Performance

NYSEAMERICAN ECF traded up $0.01 during trading hours on Friday, reaching $11.44. The company’s stock had a trading volume of 24,220 shares, compared to its average volume of 34,377. The business has a 50-day simple moving average of $12.05 and a 200 day simple moving average of $11.86. Ellsworth Growth and Income Fund has a 52 week low of $8.15 and a 52 week high of $12.65.

Ellsworth Growth and Income Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.76 annualized dividend and a dividend yield of 6.6%.

Insider Activity at Ellsworth Growth and Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 26,218 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $11.95, for a total transaction of $313,305.10. Following the completion of the sale, the insider owned 1,646,578 shares of the company’s stock, valued at $19,676,607.10. This represents a 1.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 76,347 shares of company stock valued at $923,828. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gilpin Wealth Management LLC acquired a new stake in Ellsworth Growth and Income Fund in the fourth quarter worth $47,000. Osaic Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 1,535 shares during the period. PMG Family Office LLC bought a new position in shares of Ellsworth Growth and Income Fund during the third quarter worth about $212,000. LPL Financial LLC grew its position in shares of 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 worth $271,000 after acquiring an additional 5,051 shares during the last quarter. Finally, K2 Principal Fund L.P. increased its holdings in shares of Ellsworth Growth and Income Fund by 3.5% in the 4th quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock worth $286,000 after acquiring an additional 834 shares during the period. 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.