Short Interest in Ellsworth Growth and Income Fund Ltd Closed-Ended Fund (NYSEAMERICAN:ECF) Decreases By 94.8%

Ellsworth Growth and Income Fund Ltd Closed-Ended Fund (NYSEAMERICAN:ECF) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totalling 1,600 shares, a drop of 94.8% from the February 27th total of 30,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 52,300 shares, the short-interest ratio is currently 0.0 days.

Shares of NYSEAMERICAN ECF traded up $0.42 during mid-day trading on Thursday, hitting $8.94. The company had a trading volume of 65,451 shares, compared to its average volume of 63,672. Ellsworth Growth and Income Fund Ltd Closed-Ended Fund has a 12 month low of $6.28 and a 12 month high of $12.37.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.82%. The ex-dividend date was Monday, March 16th. This is a boost from Ellsworth Growth and Income Fund Ltd Closed-Ended Fund’s previous quarterly dividend of $0.12.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. bought a new stake in shares of Ellsworth Growth and Income Fund Ltd Closed-Ended Fund in the fourth quarter valued at about $505,000. Baird Financial Group Inc. lifted its stake in shares of Ellsworth Growth and Income Fund Ltd Closed-Ended Fund by 15.7% in the fourth quarter. Baird Financial Group Inc. now owns 60,620 shares of the investment management company’s stock valued at $713,000 after buying an additional 8,223 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Ellsworth Growth and Income Fund Ltd Closed-Ended Fund by 12.8% in the fourth quarter. Advisors Asset Management Inc. now owns 1,117,995 shares of the investment management company’s stock valued at $13,148,000 after buying an additional 127,028 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Ellsworth Growth and Income Fund Ltd Closed-Ended Fund by 10.8% in the fourth quarter. Guggenheim Capital LLC now owns 432,262 shares of the investment management company’s stock valued at $5,084,000 after buying an additional 42,223 shares during the period. Finally, UBS Group AG lifted its stake in shares of Ellsworth Growth and Income Fund Ltd Closed-Ended Fund by 0.3% in the fourth quarter. UBS Group AG now owns 532,598 shares of the investment management company’s stock valued at $6,263,000 after buying an additional 1,524 shares during the period.

About Ellsworth Growth and Income Fund Ltd Closed-Ended 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.

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