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

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

Ellsworth Growth and Income Fund Trading Down 1.0%

ECF opened at $12.92 on Wednesday. The firm’s 50 day moving average is $11.79 and its 200-day moving average is $11.93. Ellsworth Growth and Income Fund has a 52-week low of $9.49 and a 52-week high of $13.17.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 14,591 shares of Ellsworth Growth and Income Fund stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $12.16, for a total transaction of $177,426.56. Following the sale, the insider owned 1,604,273 shares in the company, valued at $19,507,959.68. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 28,195 shares of company stock worth $343,772 in the last 90 days. Company insiders own 0.46% of the company’s stock.

Institutional Trading of Ellsworth Growth and Income Fund

Hedge funds have recently made changes to their positions in the company. Gilpin Wealth Management LLC acquired a new stake in shares of Ellsworth Growth and Income Fund during the fourth quarter worth approximately $47,000. Osaic Holdings Inc. grew its position in shares of 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 buying an additional 1,535 shares in the last quarter. PMG Family Office LLC acquired a new stake in shares of Ellsworth Growth and Income Fund during the third quarter worth approximately $212,000. LPL Financial LLC grew its position in shares of Ellsworth Growth and Income Fund by 27.7% during the fourth quarter. LPL Financial LLC now owns 23,308 shares of the investment management company’s stock worth $271,000 after buying an additional 5,051 shares in the last quarter. Finally, K2 Principal Fund L.P. grew its position in shares of Ellsworth Growth and Income Fund by 3.5% during the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock worth $286,000 after buying an additional 834 shares in the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

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.