Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Sees Large Drop in Short Interest

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 9,100 shares, a decrease of 68.1% from the March 31st total of 28,500 shares. Based on an average daily volume of 35,500 shares, the short-interest ratio is currently 0.3 days.

Ecofin Sustainable and Social Impact Term Fund Trading Down 0.2 %

Ecofin Sustainable and Social Impact Term Fund stock traded down $0.02 during midday trading on Thursday, hitting $11.39. The stock had a trading volume of 28,182 shares, compared to its average volume of 46,297. The firm’s fifty day moving average is $11.53 and its two-hundred day moving average is $11.58. Ecofin Sustainable and Social Impact Term Fund has a 52-week low of $11.11 and a 52-week high of $13.29.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 24th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 23rd.

Institutional Investors Weigh In On Ecofin Sustainable and Social Impact Term Fund

Institutional investors have recently added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp purchased a new stake in Ecofin Sustainable and Social Impact Term Fund during the 4th quarter valued at approximately $147,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 481.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 5,811 shares of the company’s stock valued at $68,000 after purchasing an additional 4,811 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 35.3% in the fourth quarter. Raymond James & Associates now owns 594,735 shares of the company’s stock valued at $6,964,000 after purchasing an additional 155,100 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Ecofin Sustainable and Social Impact Term Fund in the fourth quarter valued at $379,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 7.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,062 shares of the company’s stock valued at $144,000 after purchasing an additional 857 shares in the last quarter.

Ecofin Sustainable and Social Impact Term Fund Company Profile

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors.