Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) Short Interest Up 94.4% in February

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 10,500 shares, a growth of 94.4% from the January 31st total of 5,400 shares. Based on an average daily trading volume, of 31,900 shares, the days-to-cover ratio is presently 0.3 days.

Ecofin Sustainable and Social Impact Term Fund Stock Performance

Shares of TEAF stock traded up $0.03 during trading on Friday, reaching $12.03. 23,883 shares of the company’s stock traded hands, compared to its average volume of 27,218. The firm’s 50-day moving average is $12.12 and its 200 day moving average is $12.48. Ecofin Sustainable and Social Impact Term Fund has a 1 year low of $11.25 and a 1 year high of $13.34.

Ecofin Sustainable and Social Impact Term Fund Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 23rd will be paid a dividend of $0.09 per share. This represents a dividend yield of 9%. The ex-dividend date of this dividend is Friday, May 23rd.

Institutional Trading of Ecofin Sustainable and Social Impact Term Fund

A number of institutional investors have recently modified their holdings of TEAF. Castlekeep Investment Advisors LLC purchased a new stake in shares of Ecofin Sustainable and Social Impact Term Fund during the 4th quarter valued at approximately $12,346,000. Sit Investment Associates Inc. lifted its stake in Ecofin Sustainable and Social Impact Term Fund by 147.0% in the 4th quarter. Sit Investment Associates Inc. now owns 333,427 shares of the company’s stock worth $4,001,000 after purchasing an additional 198,429 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in Ecofin Sustainable and Social Impact Term Fund by 134.8% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 265,279 shares of the company’s stock worth $3,183,000 after purchasing an additional 152,317 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Ecofin Sustainable and Social Impact Term Fund in the 4th quarter worth approximately $1,085,000. Finally, Wolverine Asset Management LLC purchased a new stake in Ecofin Sustainable and Social Impact Term Fund in the 4th quarter worth approximately $886,000.

About Ecofin Sustainable and Social Impact Term Fund

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.