Short Interest in Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Expands By 503.5%

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,888 shares, a growth of 503.5% from the May 14th total of 1,307 shares. Based on an average daily volume of 38,667 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Ellsworth Growth and Income Fund Stock Up 1.8%

Shares of ECF traded up $0.23 during midday trading on Thursday, hitting $12.93. 22,451 shares of the company traded hands, compared to its average volume of 33,851. The firm has a 50 day moving average of $12.56 and a 200-day moving average of $12.09. Ellsworth Growth and Income Fund has a 52 week low of $9.58 and a 52 week high of $13.85.

Ellsworth Growth and Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gilpin Wealth Management LLC bought a new position in shares of Ellsworth Growth and Income Fund in the 4th quarter valued at about $47,000. Osaic Holdings Inc. lifted its holdings in shares of Ellsworth Growth and Income Fund by 11.1% in the 2nd 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 last quarter. PMG Family Office LLC bought a new stake in Ellsworth Growth and Income Fund in the third quarter worth about $212,000. LPL Financial LLC lifted its stake in Ellsworth Growth and Income Fund by 27.7% in the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock worth $271,000 after purchasing an additional 5,051 shares during the last quarter. Finally, K2 Principal Fund L.P. lifted its stake in Ellsworth Growth and Income Fund by 3.5% in the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock worth $286,000 after purchasing an additional 834 shares during the last quarter. Institutional investors 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.