Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Sees Significant Increase in Short Interest

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 96,200 shares, an increase of 10.3% from the August 15th total of 87,200 shares. Based on an average trading volume of 36,900 shares, the days-to-cover ratio is presently 2.6 days.

Ellsworth Growth and Income Fund Stock Up 0.5 %

Shares of NYSEAMERICAN ECF traded up $0.04 during midday trading on Monday, reaching $8.14. 38,179 shares of the company’s stock were exchanged, compared to its average volume of 44,611. Ellsworth Growth and Income Fund has a 52-week low of $7.75 and a 52-week high of $9.15.

Ellsworth Growth and Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 6.39%. The ex-dividend date is Thursday, September 14th.

Institutional Trading of Ellsworth Growth and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of ECF. Money Concepts Capital Corp bought a new stake in Ellsworth Growth and Income Fund in the fourth quarter valued at about $75,000. Cetera Investment Advisers bought a new stake in Ellsworth Growth and Income Fund in the fourth quarter valued at about $81,000. LPL Financial LLC bought a new stake in Ellsworth Growth and Income Fund in the fourth quarter valued at about $86,000. JPMorgan Chase & Co. increased its holdings in Ellsworth Growth and Income Fund by 2,595.6% in the first quarter. JPMorgan Chase & Co. now owns 11,564 shares of the investment management company’s stock valued at $94,000 after buying an additional 11,135 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Ellsworth Growth and Income Fund by 820.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 12,220 shares of the investment management company’s stock valued at $105,000 after buying an additional 10,892 shares during the last quarter. 30.72% of the stock is owned by institutional investors.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.