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Ellsworth Today
By the People, for the People
Ellsworth Growth and Income Fund Crosses Below 200-Day Moving Average
Investors Question What's Next for the Closed-End Fund
Apr. 9, 2026 at 8:33am
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A close-up view of the inner workings of the financial system reflects the volatility and uncertainty facing some income-oriented investment funds.Ellsworth TodayShares of Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) fell below their 200-day moving average on Wednesday, raising concerns among investors about the fund's performance and future direction.
Why it matters
Crossing below the 200-day moving average is often seen as a bearish technical indicator, suggesting the stock may be in a downward trend. This development could impact investor sentiment and the fund's ability to attract new capital.
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's shares traded as low as $11.40 on Wednesday before closing at $11.50, with a volume of 61,402 shares traded. The stock has a 50-day simple moving average of $11.68 and a 200-day simple moving average of $11.86.
- Ellsworth Growth and Income Fund shares crossed below their 200-day moving average on Wednesday, April 9, 2026.
- The fund recently declared a quarterly dividend of $0.19 per share, which was paid on Tuesday, March 24, 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.
What’s next
Investors will be closely watching to see if Ellsworth Growth and Income Fund can regain its footing and move back above the 200-day moving average in the coming days and weeks.
The takeaway
The dip below the 200-day moving average for Ellsworth Growth and Income Fund raises questions about the fund's near-term performance and could impact investor sentiment, though the fund's long-term growth potential and dividend payments may still appeal to some investors.
