Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 30,200 shares, a growth of 26.9% from the March 15th total of 23,800 shares. Based on an average daily volume of 51,100 shares, the short-interest ratio is presently 0.6 days.
Ellsworth Growth and Income Fund Stock Up 0.1 %
ECF traded up $0.01 during midday trading on Thursday, hitting $8.05. 4,267 shares of the company were exchanged, compared to its average volume of 51,288. Ellsworth Growth and Income Fund has a 1-year low of $7.83 and a 1-year high of $10.23.
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The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 17th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.46%. The ex-dividend date was Thursday, March 16th.
Institutional Investors Weigh In On Ellsworth Growth and Income Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,045 shares of the investment management company's stock worth $255,000 after acquiring an additional 1,555 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 2.2% during the 1st quarter. Baird Financial Group Inc. now owns 88,043 shares of the investment management company's stock worth $932,000 after acquiring an additional 1,867 shares in the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 8.2% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 34,146 shares of the investment management company's stock worth $272,000 after acquiring an additional 2,599 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Ellsworth Growth and Income Fund by 2.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 206,893 shares of the investment management company's stock worth $1,657,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Ellsworth Growth and Income Fund by 1.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 357,588 shares of the investment management company's stock worth $2,864,000 after acquiring an additional 4,621 shares in the last quarter. 28.24% of the stock is owned by institutional investors and hedge funds.
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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