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

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 683 shares, a decrease of 82.5% from the July 30th total of 3,904 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 17,113 shares, the short-interest ratio is currently 0.0 days.

Insiders Place Their Bets

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. acquired 5,742 shares of the business’s stock in a transaction on Friday, August 21st. The stock was purchased at an average price of $12.53 per share, for a total transaction of $71,947.26. Following the transaction, the insider owned 1,611,562 shares in the company, valued at $20,192,871.86. This trade represents a 0.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. K2 Principal Fund L.P. increased its stake in 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 valued at $286,000 after buying an additional 834 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Ellsworth Growth and Income Fund by 1.3% during the third quarter. Raymond James Financial Inc. now owns 80,538 shares of the investment management company’s stock worth $934,000 after acquiring an additional 996 shares in the last quarter. Uhlmann Price Securities LLC boosted 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 valued at $766,000 after purchasing an additional 1,000 shares during the last quarter. Waverly Advisors LLC boosted its position in 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 purchasing an additional 1,300 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in Ellsworth Growth and Income Fund by 1.0% in the second quarter. Baird Financial Group Inc. now owns 145,155 shares of the investment management company’s stock valued at $1,488,000 after purchasing an additional 1,475 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Price Performance

Shares of Ellsworth Growth and Income Fund stock remained flat at $12.47 during trading on Thursday. The company had a trading volume of 22,735 shares, compared to its average volume of 30,835. Ellsworth Growth and Income Fund has a fifty-two week low of $10.70 and a fifty-two week high of $13.85. The stock has a 50 day moving average of $12.68 and a 200-day moving average of $12.39.

Ellsworth Growth and Income Fund Increases Dividend

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