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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 13,300 shares, a decrease of 47.6% from the August 15th total of 25,400 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is currently 0.3 days.

Ecofin Sustainable and Social Impact Term Fund Price Performance

NYSE:TEAF opened at $12.90 on Friday. Ecofin Sustainable and Social Impact Term Fund has a fifty-two week low of $11.11 and a fifty-two week high of $12.96. The company has a 50 day simple moving average of $12.23 and a two-hundred day simple moving average of $11.83.

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. Stockholders of record on Friday, November 22nd will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, November 22nd.

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

A number of hedge funds have recently added to or reduced their stakes in TEAF. Brown Brothers Harriman & Co. bought a new stake in Ecofin Sustainable and Social Impact Term Fund in the second quarter valued at $51,000. Blue Bell Private Wealth Management LLC increased its position in Ecofin Sustainable and Social Impact Term Fund by 29.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 7,511 shares of the company’s stock valued at $89,000 after buying an additional 1,700 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Ecofin Sustainable and Social Impact Term Fund by 7.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,000 shares of the company’s stock worth $152,000 after buying an additional 938 shares during the period. Consolidated Portfolio Review Corp raised its stake in Ecofin Sustainable and Social Impact Term Fund by 19.1% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 15,035 shares of the company’s stock worth $173,000 after buying an additional 2,411 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Ecofin Sustainable and Social Impact Term Fund by 8.4% in the fourth quarter. D.A. Davidson & CO. now owns 43,068 shares of the company’s stock valued at $504,000 after acquiring an additional 3,334 shares during the period.

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.