Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Short Interest Up 167.8% in August

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,829 shares, an increase of 167.8% from the August 15th total of 683 shares. Based on an average daily volume of 24,666 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF opened at $12.51 on Friday. Ellsworth Growth and Income Fund has a 52 week low of $10.70 and a 52 week high of $13.85. The business’s 50 day moving average price is $12.53 and its 200-day moving average price is $12.40.

Ellsworth Growth and Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.88 annualized dividend and a yield of 7.0%. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Insider Activity at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 6,800 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of $12.36 per share, for a total transaction of $84,048.00. Following the completion of the transaction, the insider directly owned 1,628,462 shares of the company’s stock, valued at $20,127,790.32. This trade represents a 0.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 24,189 shares of company stock valued at $300,289. Company insiders own 0.46% of the company’s stock.

Institutional Trading of Ellsworth Growth and Income Fund

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Ellsworth Growth and Income Fund by 31.2% in the second quarter. Invesco Ltd. now owns 161,109 shares of the investment management company’s stock worth $1,651,000 after buying an additional 38,271 shares during the period. Baird Financial Group Inc. raised its stake in Ellsworth Growth and Income Fund by 1.0% during 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 in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Ellsworth Growth and Income Fund by 44.8% in the 2nd quarter. NewEdge Advisors LLC now owns 75,407 shares of the investment management company’s stock valued at $773,000 after acquiring an additional 23,340 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Ellsworth Growth and Income Fund by 11.1% in the 2nd 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 period. Finally, Pathstone Holdings LLC increased its position in 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 acquiring an additional 115,441 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.