Short Interest in Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Increases By 678.9%

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 59,200 shares, a growth of 678.9% from the February 29th total of 7,600 shares. Based on an average daily trading volume, of 54,700 shares, the short-interest ratio is presently 1.1 days.

Ecofin Sustainable and Social Impact Term Fund Price Performance

NYSE:TEAF traded up $0.08 during mid-day trading on Wednesday, reaching $11.84. 45,783 shares of the company’s stock were exchanged, compared to its average volume of 53,748. Ecofin Sustainable and Social Impact Term Fund has a one year low of $11.11 and a one year high of $13.30. The business’s fifty day simple moving average is $11.41 and its two-hundred day simple moving average is $11.67.

Ecofin Sustainable and Social Impact Term Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.09 per share. The ex-dividend date is Monday, April 22nd.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates grew its position in 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 acquiring an additional 155,100 shares during the last quarter. Morgan Stanley boosted its position in Ecofin Sustainable and Social Impact Term Fund by 0.8% in the fourth quarter. Morgan Stanley now owns 517,527 shares of the company’s stock valued at $6,650,000 after buying an additional 4,122 shares in the last quarter. Bank of America Corp DE raised its position in Ecofin Sustainable and Social Impact Term Fund by 23.4% in the first quarter. Bank of America Corp DE now owns 307,786 shares of the company’s stock valued at $3,992,000 after purchasing an additional 58,405 shares during the last quarter. Eagle Bluffs Wealth Management LLC raised its position in Ecofin Sustainable and Social Impact Term Fund by 14.0% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 238,604 shares of the company’s stock valued at $2,858,000 after purchasing an additional 29,242 shares during the last quarter. Finally, Matisse Capital raised its position in Ecofin Sustainable and Social Impact Term Fund by 190.4% in the fourth quarter. Matisse Capital now owns 180,000 shares of the company’s stock valued at $2,108,000 after purchasing an additional 118,026 shares during 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.