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

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,461 shares, a decline of 69.6% from the April 15th total of 11,393 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 23,056 shares, the days-to-cover ratio is currently 0.2 days.

Ellsworth Growth and Income Fund Stock Down 1.0%

Ellsworth Growth and Income Fund stock opened at $12.92 on Wednesday. The company has a fifty day moving average price of $11.79 and a two-hundred day moving average price of $11.93. Ellsworth Growth and Income Fund has a 12 month low of $9.49 and a 12 month high of $13.17.

Insider Buying and Selling

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. sold 14,591 shares of Ellsworth Growth and Income Fund stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $12.16, for a total value of $177,426.56. Following the completion of the transaction, the insider owned 1,604,273 shares of the company’s stock, valued at $19,507,959.68. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 28,195 shares of company stock valued at $343,772 over the last three months. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its stake in Ellsworth Growth and Income Fund by 7.6% in the first quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock valued at $301,000 after buying an additional 1,916 shares during the last quarter. Uhlmann Price Securities LLC lifted its stake in Ellsworth Growth and Income Fund by 1.5% in the first quarter. Uhlmann Price Securities LLC now owns 68,718 shares of the investment management company’s stock valued at $766,000 after buying an additional 1,000 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in Ellsworth Growth and Income Fund by 4.9% in 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 last quarter. Invesco Ltd. lifted its stake in Ellsworth Growth and Income Fund by 17.2% in the fourth quarter. Invesco Ltd. now owns 232,215 shares of the investment management company’s stock valued at $2,701,000 after buying an additional 34,026 shares during the last quarter. Finally, Saba Capital Management L.P. lifted its stake in Ellsworth Growth and Income Fund by 2.8% in the fourth 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 buying an additional 45,368 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors.

Ellsworth Growth and Income Fund Company Profile

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.