Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• The share price of Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) has surpassed its 50-day moving average, suggesting positive market momentum.
• As of the latest trading, ECF shares reached a high of $12.23, with a trading volume of 103,631 shares.
• The fund primarily invests in convertible securities and is managed by Gabelli Funds, LLC, focusing on public equity markets.

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF - )'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.17 and traded as high as $12.23. Ellsworth Growth and Income Fund shares last traded at $12.23, with a volume of 103,631 shares.

Ellsworth Growth and Income Fund Trading Up 2.4%

The business has a 50-day moving average price of $11.17 and a two-hundred day moving average price of $10.17.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.

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