Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Sees Significant Decrease in Short Interest

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAFGet Rating) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 4,900 shares, a decrease of 66.7% from the March 31st total of 14,700 shares. Based on an average trading volume of 29,300 shares, the days-to-cover ratio is currently 0.2 days.

NYSE TEAF traded down $0.03 on Friday, hitting $15.04. 44,689 shares of the company were exchanged, compared to its average volume of 31,730. Ecofin Sustainable and Social Impact Term Fund has a 12 month low of $13.74 and a 12 month high of $15.49. The stock has a fifty day moving average of $14.83 and a 200-day moving average of $14.76.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in Ecofin Sustainable and Social Impact Term Fund during the fourth quarter worth $114,000. Stifel Financial Corp raised its holdings in Ecofin Sustainable and Social Impact Term Fund by 5.6% during the fourth quarter. Stifel Financial Corp now owns 13,160 shares of the company’s stock worth $193,000 after buying an additional 699 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Ecofin Sustainable and Social Impact Term Fund by 12.4% during the third quarter. Advisor Group Holdings Inc. now owns 22,910 shares of the company’s stock worth $319,000 after buying an additional 2,519 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in Ecofin Sustainable and Social Impact Term Fund by 71.4% during the third quarter. First Republic Investment Management Inc. now owns 30,000 shares of the company’s stock worth $418,000 after buying an additional 12,500 shares during the last quarter. Finally, 6 Meridian acquired a new position in Ecofin Sustainable and Social Impact Term Fund during the fourth quarter worth $498,000.

Ecofin Sustainable and Social Impact Term Fund Company Profile (Get Rating)

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.

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