From MarketBeat:

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) experienced a 27.6% increase in short interest as of December 15th, totaling 15,700 shares with a days-to-cover ratio of 0.4 days based on daily volume. Shares traded down to $8.08, with a 52-week low of $7.02 and high of $9.15.

Institutional investors are making moves in Ellsworth Growth and Income Fund. Guggenheim Capital and Bulldog Investors both raised their stakes, while Cornerstone Advisors, Blue Bell Private Wealth Management, and Cambridge Investment Research Advisors also made significant investments in the company.

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund managed by Gabelli Funds, LLC. It primarily invests in convertible securities and public equity markets, targeting companies across market capitalizations. Hedge funds and institutional investors own 30.72% of the company’s stock.

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