Ellsworth Growth and Income Fund Shares Drop Below 200-Day Average

Investors question whether it's time to sell as the fund's stock price declines.

Mar. 20, 2026 at 7:51am

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Shares of the Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) fell below their 200-day moving average on Thursday, raising concerns among investors about the fund's performance. The stock closed at $11.29, down 1.1% on the day, after trading as low as $11.21 earlier in the session.

Why it matters

The 200-day moving average is a closely watched technical indicator that many investors use to gauge a stock's long-term trend. When a stock's price drops below this level, it can signal a potential shift in the underlying momentum and prompt some investors to reevaluate their positions.

The details

Ellsworth Growth and Income Fund is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund invests primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. In addition to equities, the fund may also invest in preferred stocks, convertible securities, and other income-oriented instruments.

  • Ellsworth Growth and Income Fund's stock price crossed below its 200-day moving average of $11.87 on Thursday, March 20, 2026.
  • The fund also recently declared a quarterly dividend of $0.19 per share, which will be paid on Tuesday, March 24, 2026 to shareholders of record on Tuesday, March 17, 2026.

The players

Ellsworth Growth and Income Fund

A closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income.

Saba Capital Management, L.P.

A major shareholder of Ellsworth Growth and Income Fund, which recently sold 14,591 shares of the fund's stock.

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What they’re saying

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— Robert Jenkins, San Francisco resident

What’s next

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The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.