Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Short Interest Update

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,995 shares, a decline of 53.6% from the June 15th total of 8,601 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 25,690 shares, the days-to-cover ratio is currently 0.2 days.

Ellsworth Growth and Income Fund Stock Performance

Shares of NYSEAMERICAN ECF traded down $0.13 during trading hours on Wednesday, hitting $12.59. 14,099 shares of the company traded hands, compared to its average volume of 21,167. The company’s 50 day moving average price is $13.02 and its 200 day moving average price is $12.30. Ellsworth Growth and Income Fund has a 12 month low of $10.33 and a 12 month high of $13.85.

Ellsworth Growth and Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were given a dividend of $0.19 per share. The ex-dividend date was Monday, June 15th. This represents a $0.76 dividend on an annualized basis and a yield of 6.0%.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. grew its holdings in Ellsworth Growth and Income Fund by 2.8% during the 4th quarter. Saba Capital Management L.P. now owns 1,680,620 shares of the investment management company’s stock valued at $19,546,000 after purchasing an additional 45,368 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Ellsworth Growth and Income Fund by 3.3% in the fourth quarter. Wells Fargo & Company MN now owns 946,404 shares of the investment management company’s stock worth $11,007,000 after purchasing an additional 30,142 shares during the last quarter. Sit Investment Associates Inc. boosted its position in shares of Ellsworth Growth and Income Fund by 4.9% during the fourth quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after buying an additional 43,839 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Ellsworth Growth and Income Fund by 72.9% during the fourth quarter. Advisors Asset Management Inc. now owns 393,918 shares of the investment management company’s stock valued at $4,581,000 after buying an additional 166,043 shares during the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of 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 buying an additional 115,441 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.