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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 17,400 shares, a growth of 55.4% from the September 30th total of 11,200 shares. Based on an average trading volume of 33,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC increased its position in Ecofin Sustainable and Social Impact Term Fund by 4.9% during the 3rd quarter. Private Advisor Group LLC now owns 145,100 shares of the company’s stock worth $1,894,000 after purchasing an additional 6,775 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Ecofin Sustainable and Social Impact Term Fund during the 2nd quarter worth about $893,000. B. Riley Wealth Advisors Inc. lifted its position in Ecofin Sustainable and Social Impact Term Fund by 8.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 13,109 shares of the company’s stock worth $151,000 after acquiring an additional 1,047 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Ecofin Sustainable and Social Impact Term Fund during the 2nd quarter worth approximately $51,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in Ecofin Sustainable and Social Impact Term Fund by 18.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 8,911 shares of the company’s stock worth $103,000 after acquiring an additional 1,400 shares in the last quarter.

Ecofin Sustainable and Social Impact Term Fund Price Performance

Shares of Ecofin Sustainable and Social Impact Term Fund stock remained flat at $12.97 during trading hours on Friday. The stock had a trading volume of 18,314 shares, compared to its average volume of 39,124. The firm has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $12.14. Ecofin Sustainable and Social Impact Term Fund has a twelve month low of $11.11 and a twelve month high of $13.34.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend is Friday, November 22nd.

About Ecofin Sustainable and Social Impact Term Fund

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.