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 August. As of August 14th, there was short interest totaling 683 shares, a decline of 82.5% from the July 30th total of 3,904 shares. Based on an average daily trading volume, of 17,113 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. purchased 5,742 shares of Ellsworth Growth and Income Fund stock in a transaction dated Friday, August 21st. The stock was bought at an average price of $12.53 per share, for a total transaction of $71,947.26. Following the completion of the acquisition, the insider directly owned 1,611,562 shares of the company’s stock, valued at $20,192,871.86. This represents a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its position in Ellsworth Growth and Income Fund by 31.2% during the 2nd quarter. Invesco Ltd. now owns 161,109 shares of the investment management company’s stock worth $1,651,000 after acquiring an additional 38,271 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Ellsworth Growth and Income Fund by 1.0% in the second quarter. Baird Financial Group Inc. now owns 145,155 shares of the investment management company’s stock valued at $1,488,000 after purchasing an additional 1,475 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Ellsworth Growth and Income Fund by 44.8% in the second quarter. NewEdge Advisors LLC now owns 75,407 shares of the investment management company’s stock worth $773,000 after purchasing an additional 23,340 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Ellsworth Growth and Income Fund by 11.1% during the second quarter. Osaic Holdings Inc. now owns 15,356 shares of the investment management company’s stock worth $157,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in Ellsworth Growth and Income Fund by 42.0% in the third quarter. Pathstone Holdings LLC now owns 390,077 shares of the investment management company’s stock valued at $4,525,000 after purchasing an additional 115,441 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.

Ellsworth Growth and Income Fund Trading Up 0.2%

ECF traded up $0.02 during trading on Wednesday, hitting $12.49. The company had a trading volume of 14,555 shares, compared to its average volume of 30,846. Ellsworth Growth and Income Fund has a one year low of $10.70 and a one year high of $13.85. The firm’s 50-day moving average price is $12.71 and its 200 day moving average price is $12.38.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.0%. This is a positive change from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, September 16th.

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.