Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Short Interest Update

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the recipient of a significant increase in short interest in 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 daily trading volume, of 36,400 shares, the days-to-cover ratio is presently 0.3 days.

Ecofin Sustainable and Social Impact Term Fund Price Performance

Shares of NYSE TEAF traded up $0.02 during trading on Friday, hitting $11.94. 40,415 shares of the company were exchanged, compared to its average volume of 38,937. Ecofin Sustainable and Social Impact Term Fund has a 1 year low of $11.20 and a 1 year high of $13.34. The firm’s fifty day moving average price is $12.56 and its 200 day moving average price 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 dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Ecofin Sustainable and Social Impact Term Fund in the 2nd quarter worth about $51,000. Quarry LP lifted its stake in Ecofin Sustainable and Social Impact Term Fund by 14.8% in the 3rd quarter. Quarry LP now owns 8,493 shares of the company’s stock valued at $111,000 after buying an additional 1,093 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings 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 valued at $103,000 after buying an additional 1,400 shares during the last quarter. Beckerman Institutional LLC purchased a new position in Ecofin Sustainable and Social Impact Term Fund during the third quarter worth $134,000. Finally, HighTower Advisors LLC acquired a new position in shares of Ecofin Sustainable and Social Impact Term Fund in the third quarter worth $137,000.

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.