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 significant decrease in short interest during 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 trading volume, of 35,500 shares, the short-interest ratio is currently 0.3 days.

Ecofin Sustainable and Social Impact Term Fund Price Performance

NYSE TEAF traded down $0.02 during trading hours on Thursday, reaching $11.39. The stock had a trading volume of 28,182 shares, compared to its average volume of 46,297. The stock has a fifty day moving average of $11.53 and a 200 day moving average of $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 company also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, May 23rd.

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

Several hedge funds have recently bought and sold shares of TEAF. Cambridge Investment Research Advisors Inc. boosted its position in Ecofin Sustainable and Social Impact Term Fund by 8.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 96,393 shares of the company’s stock worth $1,155,000 after purchasing an additional 7,475 shares in the last quarter. Raymond James & Associates boosted its position in Ecofin Sustainable and Social Impact Term Fund by 227.3% in the 3rd quarter. Raymond James & Associates now owns 439,635 shares of the company’s stock worth $5,267,000 after purchasing an additional 305,313 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in Ecofin Sustainable and Social Impact Term Fund by 14.0% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 238,604 shares of the company’s stock worth $2,858,000 after purchasing an additional 29,242 shares in the last quarter. Abundance Wealth Counselors boosted its position in Ecofin Sustainable and Social Impact Term Fund by 2.7% in the 3rd quarter. Abundance Wealth Counselors now owns 104,458 shares of the company’s stock worth $1,251,000 after purchasing an additional 2,717 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Ecofin Sustainable and Social Impact Term Fund by 10.4% in the 3rd quarter. Private Advisor Group LLC now owns 53,050 shares of the company’s stock worth $636,000 after purchasing an additional 5,000 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.