Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Sees Significant Decrease in Short Interest

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,904 shares, a decline of 37.6% from the July 15th total of 6,261 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 14,558 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Ellsworth Growth and Income Fund by 31.2% during the 2nd quarter. Invesco Ltd. now owns 161,109 shares of the investment management company’s stock worth $1,651,000 after acquiring an additional 38,271 shares in the last quarter. Baird Financial Group Inc. raised its stake in Ellsworth Growth and Income Fund by 1.0% during 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. NewEdge Advisors LLC raised its stake in Ellsworth Growth and Income Fund by 44.8% during the second quarter. NewEdge Advisors LLC now owns 75,407 shares of the investment management company’s stock valued at $773,000 after purchasing an additional 23,340 shares in the last quarter. Osaic Holdings Inc. lifted its position 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 purchasing an additional 1,535 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position in Ellsworth Growth and Income Fund by 42.0% during the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock valued at $4,525,000 after purchasing an additional 115,441 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Stock Down 1.5%

Shares of ECF traded down $0.19 during midday trading on Tuesday, hitting $12.80. 22,222 shares of the company traded hands, compared to its average volume of 31,194. The firm has a 50 day moving average of $12.76 and a 200-day moving average of $12.37. Ellsworth Growth and Income Fund has a 52 week low of $10.60 and a 52 week high of $13.85.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a $0.22 dividend. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date 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.