Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Short Interest Up 22.4% in October

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 21,300 shares, an increase of 22.4% from the October 15th total of 17,400 shares. Based on an average daily trading volume, of 32,900 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Ecofin Sustainable and Social Impact Term Fund in the 2nd quarter valued at $51,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 18.6% in 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 period. Quarry LP raised its holdings in shares of 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 during the period. Beckerman Institutional LLC acquired a new position in shares of Ecofin Sustainable and Social Impact Term Fund during the 3rd quarter worth about $134,000. Finally, HighTower Advisors LLC acquired a new position in shares of Ecofin Sustainable and Social Impact Term Fund during the 3rd quarter worth about $137,000.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

Ecofin Sustainable and Social Impact Term Fund stock traded up $0.07 during mid-day trading on Friday, reaching $12.56. The stock had a trading volume of 46,377 shares, compared to its average volume of 39,387. Ecofin Sustainable and Social Impact Term Fund has a one year low of $11.20 and a one year high of $13.34. The company has a 50-day moving average price of $12.90 and a two-hundred day moving average price of $12.26.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, February 21st. This represents a $1.08 annualized dividend and a dividend yield of 8.60%.

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.