Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• The Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) stock price surpassed its 50-day moving average, reaching a high of $11.70 during trading, with current shares at $11.60.
• The fund has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $10.08, indicating positive price momentum.
• Managed by Gabelli Funds, LLC, the Ellsworth Growth and Income Fund primarily invests in convertible securities across various market capitalizations.

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF - )'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.02 and traded as high as $11.70. Ellsworth Growth and Income Fund shares last traded at $11.60, with a volume of 45,142 shares trading hands.

Ellsworth Growth and Income Fund Stock Performance

The firm has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $10.08.

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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