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

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 12,400 shares, an increase of 195.2% from the November 30th total of 4,200 shares. Based on an average daily trading volume, of 36,400 shares, the short-interest ratio is presently 0.3 days.

Ecofin Sustainable and Social Impact Term Fund Price Performance

Shares of TEAF stock traded up $0.02 during trading hours on Friday, hitting $11.94. The stock had a trading volume of 40,415 shares, compared to its average volume of 38,937. The stock’s 50 day moving average is $12.56 and its 200 day moving average is $12.40. Ecofin Sustainable and Social Impact Term Fund has a twelve month low of $11.20 and a twelve month high of $13.34.

Ecofin Sustainable and Social Impact Term Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, January 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC increased its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 12.1% in the third quarter. Sanctuary Advisors LLC now owns 87,546 shares of the company’s stock valued at $1,092,000 after purchasing an additional 9,421 shares during the period. Quarry LP increased its stake in 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. HighTower Advisors LLC acquired a new position in Ecofin Sustainable and Social Impact Term Fund in the 3rd quarter valued at $137,000. D.A. Davidson & CO. lifted its stake in shares of Ecofin Sustainable and Social Impact Term Fund by 2.9% in the 3rd quarter. D.A. Davidson & CO. now owns 47,695 shares of the company’s stock worth $622,000 after acquiring an additional 1,326 shares during the period. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Ecofin Sustainable and Social Impact Term Fund by 3.1% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 267,682 shares of the company’s stock valued at $3,493,000 after acquiring an additional 8,103 shares in the last quarter.

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.