Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Sees Significant Increase in Short Interest

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 12,400 shares, an increase of 195.2% from the November 30th total of 4,200 shares. Based on an average daily trading volume, of 36,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Ecofin Sustainable and Social Impact Term Fund

Several hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. acquired a new stake in Ecofin Sustainable and Social Impact Term Fund in the 2nd quarter valued at $51,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Ecofin Sustainable and Social Impact Term Fund by 18.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 8,911 shares of the company’s stock valued at $103,000 after buying an additional 1,400 shares during the last quarter. Quarry LP boosted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 14.8% during the 3rd quarter. Quarry LP now owns 8,493 shares of the company’s stock worth $111,000 after acquiring an additional 1,093 shares during the period. Beckerman Institutional LLC acquired a new stake in Ecofin Sustainable and Social Impact Term Fund during the 3rd quarter valued at $134,000. Finally, HighTower Advisors LLC bought a new position in Ecofin Sustainable and Social Impact Term Fund during the third quarter worth $137,000.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

TEAF stock traded up $0.02 during midday trading on Friday, hitting $11.94. 40,415 shares of the company’s stock were exchanged, compared to its average volume of 38,937. Ecofin Sustainable and Social Impact Term Fund has a one year low of $11.20 and a one year high of $13.34. The stock’s fifty day moving average price is $12.56 and its 200-day moving average price is $12.40.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 24th.

About Ecofin Sustainable and Social Impact Term Fund

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.