Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Short Interest Update

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 59,200 shares, an increase of 678.9% from the February 29th total of 7,600 shares. Based on an average trading volume of 54,700 shares, the days-to-cover ratio is presently 1.1 days.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

Shares of Ecofin Sustainable and Social Impact Term Fund stock traded up $0.07 during midday trading on Thursday, hitting $11.91. The company had a trading volume of 23,349 shares, compared to its average volume of 53,222. Ecofin Sustainable and Social Impact Term Fund has a 52-week low of $11.11 and a 52-week high of $13.30. The company has a 50 day moving average of $11.41 and a 200 day moving average of $11.67.

Ecofin Sustainable and Social Impact Term Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.09 per share. The ex-dividend date is Monday, April 22nd.

Hedge Funds Weigh In On Ecofin Sustainable and Social Impact Term Fund

Several hedge funds and other institutional investors have recently bought and sold shares of TEAF. Blue Bell Private Wealth Management LLC raised its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 481.1% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,811 shares of the company’s stock worth $68,000 after acquiring an additional 4,811 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in Ecofin Sustainable and Social Impact Term Fund in the second quarter worth $101,000. Almitas Capital LLC acquired a new position in Ecofin Sustainable and Social Impact Term Fund during the 4th quarter valued at about $104,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 7.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,062 shares of the company’s stock valued at $144,000 after purchasing an additional 857 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new stake in Ecofin Sustainable and Social Impact Term Fund during the fourth quarter valued at $147,000.

Ecofin Sustainable and Social Impact Term Fund Company Profile

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.