Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Rating) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 23,800 shares, a growth of 221.6% from the February 28th total of 7,400 shares. Based on an average trading volume of 52,600 shares, the short-interest ratio is currently 0.5 days.
Ellsworth Growth and Income Fund Price Performance
NYSEAMERICAN:ECF traded down $0.01 during trading hours on Monday, hitting $7.93. 37,438 shares of the company's stock traded hands, compared to its average volume of 51,997. Ellsworth Growth and Income Fund has a 52 week low of $7.83 and a 52 week high of $10.78.
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The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 17th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.56%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. bought a new position in shares of Ellsworth Growth and Income Fund in the first quarter worth approximately $4,172,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Ellsworth Growth and Income Fund by 1.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 357,588 shares of the investment management company's stock worth $2,864,000 after purchasing an additional 4,621 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Ellsworth Growth and Income Fund by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 286,871 shares of the investment management company's stock worth $2,298,000 after purchasing an additional 37,357 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Ellsworth Growth and Income Fund by 43.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 208,167 shares of the investment management company's stock worth $1,661,000 after purchasing an additional 62,866 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its position in Ellsworth Growth and Income Fund by 2.1% during the third quarter. Aviance Capital Partners LLC now owns 206,893 shares of the investment management company's stock valued at $1,657,000 after acquiring an additional 4,208 shares during the last quarter. 28.24% of the stock is currently owned by institutional investors.
Ellsworth Growth and Income Fund Company Profile
(Get Rating)
Operates as a closed-end, diversified management company and invests primarily in convertible securities. It invests in stocks of companies across market capitalizations.
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