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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 12,400 shares, an increase of 195.2% from the November 30th total of 4,200 shares. Based on an average trading volume of 36,400 shares, the short-interest ratio is currently 0.3 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Eagle Bluffs Wealth Management LLC boosted its holdings in Ecofin Sustainable and Social Impact Term Fund by 3.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 267,682 shares of the company’s stock valued at $3,493,000 after acquiring an additional 8,103 shares during the last quarter. Matisse Capital lifted its holdings in Ecofin Sustainable and Social Impact Term Fund by 3.2% in the second quarter. Matisse Capital now owns 227,000 shares of the company’s stock valued at $2,613,000 after buying an additional 7,000 shares during the period. Private Advisor Group LLC boosted its holdings in shares of 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 buying an additional 6,775 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Ecofin Sustainable and Social Impact Term Fund by 1,647.4% during the second quarter. Wolverine Asset Management LLC now owns 131,232 shares of the company’s stock worth $1,510,000 after acquiring an additional 123,722 shares in the last quarter. Finally, Shaker Financial Services LLC grew its holdings in Ecofin Sustainable and Social Impact Term Fund by 17.6% in the second quarter. Shaker Financial Services LLC now owns 118,883 shares of the company’s stock worth $1,368,000 after purchasing an additional 17,769 shares during the period.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.2 %

Shares of TEAF stock traded up $0.02 during trading hours on Friday, reaching $11.94. The company’s stock had a trading volume of 40,415 shares, compared to its average volume of 38,937. Ecofin Sustainable and Social Impact Term Fund has a fifty-two week low of $11.20 and a fifty-two week high of $13.34. The firm’s 50 day simple moving average is $12.56 and its 200-day simple moving average is $12.40.

Ecofin Sustainable and Social Impact Term Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 24th.

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.