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 decrease in short interest in March. As of March 31st, there was short interest totalling 9,100 shares, a decrease of 27.8% from the March 15th total of 12,600 shares. Based on an average daily volume of 37,600 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling at Ecofin Sustainable and Social Impact Term Fund

In other Ecofin Sustainable and Social Impact Term Fund news, major shareholder Saba Capital Management, L.P. bought 33,116 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $11.31 per share, with a total value of $374,541.96. Following the completion of the purchase, the insider now owns 1,383,564 shares in the company, valued at approximately $15,648,108.84. The trade was a 2.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 134,310 shares of company stock valued at $1,452,563.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TEAF. Castlekeep Investment Advisors LLC bought a new position in Ecofin Sustainable and Social Impact Term Fund during the 4th quarter worth about $12,346,000. Sit Investment Associates Inc. grew its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 147.0% during the fourth quarter. Sit Investment Associates Inc. now owns 333,427 shares of the company’s stock worth $4,001,000 after buying an additional 198,429 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in Ecofin Sustainable and Social Impact Term Fund by 134.8% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 265,279 shares of the company’s stock valued at $3,183,000 after buying an additional 152,317 shares during the last quarter. Private Advisor Group LLC lifted its stake in Ecofin Sustainable and Social Impact Term Fund by 6.8% in the 4th quarter. Private Advisor Group LLC now owns 154,900 shares of the company’s stock valued at $1,859,000 after acquiring an additional 9,800 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Ecofin Sustainable and Social Impact Term Fund during the 4th quarter worth approximately $1,085,000.

Ecofin Sustainable and Social Impact Term Fund Trading Up 0.8 %

Shares of TEAF opened at $11.11 on Friday. The stock has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $12.17. Ecofin Sustainable and Social Impact Term Fund has a 52-week low of $10.09 and a 52-week high of $13.34.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.09 per share. This represents a dividend yield of 9.21%. The ex-dividend date was Monday, March 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.