Federal Reserve Central Bank Actions Affect Fund Business Financial Operations Distributions Risk Member [Member] Federal Reserve Central Bank Actions Affect Fund Business Financial Operations Distributions Risk Member Fund Corporate CLO Investments Non US Investing Foreign Currency Risk Member [Member] Fund Corporate CLO Investments Non US Investing Foreign Currency Risk Member Fund Reliance Analytical Models Data Incorrect Misleading Incomplete Poor Decisions Risk Member [Member] Fund Reliance Analytical Models Data Incorrect Misleading Incomplete Poor Decisions Risk Member Investing Fund Common Shares High Degree Risk Member [Member] Investing Fund Common Shares High Degree Risk Member Fund Dependence Ellington Information Systems Third Party Failures Disrupt Business Financial Operations Distributions Risk Member [Member] Fund Dependence Ellington Information Systems Third Party Failures Disrupt Business Financial Operations Distributions Risk Member Future Debt Equity Offerings Affect Market Price Fund Common Shares Risk Member [Member] Future Debt Equity Offerings Affect Market Price Fund Common Shares Risk Member Fund Investment Portfolio Market Fair Value Uncertainty Risk Member [Member] Fund Investment Portfolio Market Fair Value Uncertainty Risk Member Fund Ellington Affiliates Regulatory Inquiries Legal Proceedings Risk Member [Member] Fund Ellington Affiliates Regulatory Inquiries Legal Proceedings Risk Member Preferred Share Holders Elect Board Members Class Voting Rights Risk Member [Member] Preferred Share Holders Elect Board Members Class Voting Rights Risk Member Fund Ability Make Distributions Depends Operating Results Financial Condition Factors Risk Member [Member] Fund Ability Make Distributions Depends Operating Results Financial Condition Factors Risk Member Fund Ellington Affiliates Adverse Legislative Regulatory Public Policy Changes Risk Member [Member] Fund Ellington Affiliates Adverse Legislative Regulatory Public Policy Changes Risk Member Fund Declaration Trust Makes Trustee Removal Difficult Shareholders Cannot Change Management Risk Member [Member] Fund Declaration Trust Makes Trustee Removal Difficult Shareholders Cannot Change Management Risk Member Fund Legislative Regulatory Changes Impact Business Markets Risk Member [Member] Fund Legislative Regulatory Changes Impact Business Markets Risk Member Regulations 1940 Act Affect Fund Debt Equity Issuance Leverage Risk Member [Member] Regulations 1940 Act Affect Fund Debt Equity Issuance Leverage Risk Member CLOs Fund Investments Significant Operating Expenses Risk Member [Member] CLOs Fund Investments Significant Operating Expenses Risk Member Fund Investments Prepayment Reinvestment Risk Member [Member] Fund Investments Prepayment Reinvestment Risk Member Fund Fluctuations Net Asset Value Quarterly Operating Results Risk Member [Member] Fund Fluctuations Net Asset Value Quarterly Operating Results Risk Member Difficult Corporate Sector General Market Concerns Affect Fund Asset Value Risk Member [Member] Difficult Corporate Sector General Market Concerns Affect Fund Asset Value Risk Member Fund Corporate CLO Investments Structural Risk Member [Member] Fund Corporate CLO Investments Structural Risk Member Fund Investments Subordinated Lower Rated Securities Greater Loss Amplified Market Risk Member [Member] Fund Investments Subordinated Lower Rated Securities Greater Loss Amplified Market Risk Member Fund CLO Investments Risks Financial Leverage Corporate Borrowers Risk Member [Member] Fund CLO Investments Risks Financial Leverage Corporate Borrowers Risk Member 8.50% Senior Notes [Member] 8.50% Senior Notes Fund Corporate Social Responsibility Risk Member [Member] Fund Corporate Social Responsibility Risk Member Adviser Limited Liability Fund Indemnifies Adviser Riskier Actions Risk Member [Member] Adviser Limited Liability Fund Indemnifies Adviser Riskier Actions Risk Member Fund Limited Operating History Closed End Investment Company Risk Member [Member] Fund Limited Operating History Closed End Investment Company Risk Member Fund Authorized Unissued Common Preferred Shares Prevent Change Control Risk Member [Member] Fund Authorized Unissued Common Preferred Shares Prevent Change Control Risk Member Complying RIC Requirements Fund Forgo Liquidate Attractive Investments Risk Member [Member] Complying RIC Requirements Fund Forgo Liquidate Attractive Investments Risk Member Conflicts Of Interests Base Management Fee Fund Obligated Pay Adviser Risk Member [Member] Conflicts Of Interests Base Management Fee Fund Obligated Pay Adviser Risk Member Fund Financial Leverage Affects Return Reduces Cash Increases Losses Unfavorable Conditions Risk Member [Member] Fund Financial Leverage Affects Return Reduces Cash Increases Losses Unfavorable Conditions Risk Member Fund Mark To Market Election Section 475f Code Risk Member [Member] Fund Mark To Market Election Section 475f Code Risk Member Investment Fund US Federal State Local Income Tax Risk Member [Member] Investment Fund US Federal State Local Income Tax Risk Member Heightened Inflation Adversely Impact Fund Financial Results Risk Member [Member] Heightened Inflation Adversely Impact Fund Financial Results Risk Member Fund CLO Investments Limited Liquidity Risk Member [Member] Fund CLO Investments Limited Liquidity Risk Member Adviser Failure Identify Acquire Assets Perform Responsibilities Affect Fund Business Financial Operations Distributions RIC Risk Member [Member] Adviser Failure Identify Acquire Assets Perform Responsibilities Affect Fund Business Financial Operations Distributions RIC Risk Member Fund Not Own Ellington Brand Trademark Uses Under License Risk Member [Member] Fund Not Own Ellington Brand Trademark Uses Under License Risk Member Interest Rate Mismatches Volatility Reduce Fund Income Affect Asset Value Risk Member [Member] Interest Rate Mismatches Volatility Reduce Fund Income Affect Asset Value Risk Member Fund Operates Highly Competitive Market Risk Member [Member] Fund Operates Highly Competitive Market Risk Member Fund Shareholder Rights Action Against Trustees Officers Adviser Ellington Limited Recourse Risk Member [Member] Fund Shareholder Rights Action Against Trustees Officers Adviser Ellington Limited Recourse Risk Member Fund Competes Ellington Other Accounts Access Opportunities Acquire Assets Risk Member [Member] Fund Competes Ellington Other Accounts Access Opportunities Acquire Assets Risk Member Fund Dependence Adviser Key Personnel Ellington No Suitable Replacement Risk Member [Member] Fund Dependence Adviser Key Personnel Ellington No Suitable Replacement Risk Member Fund Reverse Repurchase Agreements Bankruptcy Insolvency Risk Member [Member] Fund Reverse Repurchase Agreements Bankruptcy Insolvency Risk Member Fund Issues Preferred Debt Convertible Securities NAV More Volatile Risk Member [Member] Fund Issues Preferred Debt Convertible Securities NAV More Volatile Risk Member Fund Loan Accumulation Facilities Risk Member [Member] Fund Loan Accumulation Facilities Risk Member Debt Instrument, Name [Domain] Fund CLO Investments Syndicated Loan Risk Member [Member] Fund CLO Investments Syndicated Loan Risk Member Delaware Statutory Trust Act Declaration Trust Bylaws Deter Takeover Affect Common Shares Price Risk Member [Member] Delaware Statutory Trust Act Declaration Trust Bylaws Deter Takeover Affect Common Shares Price Risk Member Fund Investments Primary Corporate CLO Market Additional Risk Member [Member] Fund Investments Primary Corporate CLO Market Additional Risk Member FATCA Withholding Payments Foreign Entities Risk Member [Member] FATCA Withholding Payments Foreign Entities Risk Member Common Shares Closed End Companies Discounts NAV No Assurance Fund Shares Decline Below NAV Risk Member [Member] Common Shares Closed End Companies Discounts NAV No Assurance Fund Shares Decline Below NAV Risk Member Fund Short Selling Transactions Additional Risk Member [Member] Fund Short Selling Transactions Additional Risk Member Shareholders Not Participate Dividend Reinvestment Plan Dilution Ownership Percentage Risk Member [Member] Shareholders Not Participate Dividend Reinvestment Plan Dilution Ownership Percentage Risk Member Fund Failure Procure Adequate Funding Capital Affect Results Common Shares Value Distributions Risk Member [Member] Fund Failure Procure Adequate Funding Capital Affect Results Common Shares Value Distributions Risk Member Fund Dependent Collateral Managers Corporate CLOs Not Registered 1940 Act Risk Member [Member] Fund Dependent Collateral Managers Corporate CLOs Not Registered 1940 Act Risk Member Fund Shareholders Ability Control Operations Severely Limited Risk Member [Member] Fund Shareholders Ability Control Operations Severely Limited Risk Member Interest Rate Increase Decrease Issuance Volumes Affect Fund Ability Acquire Generate Income Distributions Risk Member [Member] Interest Rate Increase Decrease Issuance Volumes Affect Fund Ability Acquire Generate Income Distributions Risk Member Fund Change Policies Without Notice Shareholder Consent Affect Business Financial Operations Distributions Risk Member [Member] Fund Change Policies Without Notice Shareholder Consent Affect Business Financial Operations Distributions Risk Member Fund Access Financing Limited Shut Off Lenders Counterparties Require Additional Collateral Risk Member [Member] Fund Access Financing Limited Shut Off Lenders Counterparties Require Additional Collateral Risk Member Fund Corporate CLO Investments Lack Diversification Defaults Collateral Risk Member [Member] Fund Corporate CLO Investments Lack Diversification Defaults Collateral Risk Member Interest Rate Increase Affects Market Price Fund Common Shares Distributions Risk Member [Member] Interest Rate Increase Affects Market Price Fund Common Shares Distributions Risk Member Market Fund Common Shares Limited Price Trading Volume Volatile Risk Member [Member] Market Fund Common Shares Limited Price Trading Volume Volatile Risk Member Implementation Of The Conversion Risk [Member] Implementation Of The Conversion Risk Fund Investments Incur Tax Recognize Income Prior Cash Distributions Risk Member [Member] Fund Investments Incur Tax Recognize Income Prior Cash Distributions Risk Member Fund Investments Foreign Currency Non US Domiciled Assets Non US Investing Affect Business Financial Operations Distributions Risk Member [Member] Fund Investments Foreign Currency Non US Domiciled Assets Non US Investing Affect Business Financial Operations Distributions Risk Member Hedging Instruments Derivatives Not Traded Regulated Costs Material Losses Risk Member [Member] Hedging Instruments Derivatives Not Traded Regulated Costs Material Losses Risk Member Board Approved Broad Investment Strategy Not Review Adviser Decisions Risk Member [Member] Board Approved Broad Investment Strategy Not Review Adviser Decisions Risk Member Artificial Intelligence Machine Learning Increase Competitive Operational Legal Regulatory Fund Business Risk Member [Member] Artificial Intelligence Machine Learning Increase Competitive Operational Legal Regulatory Fund Business Risk Member Conflicts Of Interest Fund Relationships Adviser Ellington Not Best Interests Shareholders Risk Member [Member] Conflicts Of Interest Fund Relationships Adviser Ellington Not Best Interests Shareholders Risk Member CLO Investments Complex Documentation Accounting Considerations Risk Member [Member] CLO Investments Complex Documentation Accounting Considerations Risk Member Fund Invests In Corporate CLOs Risks Of Corporate Loans Risk Member [Member] Fund Invests In Corporate CLOs Risks Of Corporate Loans Risk Member Adviser Key Personnel Cease Services Lenders Counterparties Cease Business Risk Member [Member] Adviser Key Personnel Cease Services Lenders Counterparties Cease Business Risk Member SEC Staff Modify Position Non Traditional Investments CLO Securities Risk Member [Member] SEC Staff Modify Position Non Traditional Investments CLO Securities Risk Member Climate Change Potential Impact Fund Investments Risk Member [Member] Climate Change Potential Impact Fund Investments Risk Member Conflicts Of Interest Performance Fee Fund Obligated Pay Adviser Risk Member [Member] Conflicts Of Interest Performance Fee Fund Obligated Pay Adviser Risk Member CLOs Fund Investments US Federal Income Tax Withholding Requirements Risk Member [Member] CLOs Fund Investments US Federal Income Tax Withholding Requirements Risk Member Credit Rating Downgrade Suspension Withdrawal Affects Liquidity Market Value Risk Member [Member] Credit Rating Downgrade Suspension Withdrawal Affects Liquidity Market Value Risk Member Fund Corporate Level Taxes Failure Maintain RIC Status Reduce Cash Distributions Risk Member [Member] Fund Corporate Level Taxes Failure Maintain RIC Status Reduce Cash Distributions Risk Member Fund CLO Investments Misalignment Of Interests Collateral Managers Investors Risk Member [Member] Fund CLO Investments Misalignment Of Interests Collateral Managers Investors Risk Member Fund Shareholders Not Receive Distributions Distributions Decline Over Time Risk Member [Member] Fund Shareholders Not Receive Distributions Distributions Decline Over Time Risk Member Due Diligence Potential Assets Not Reveal All Weaknesses Losses Risk Member [Member] Due Diligence Potential Assets Not Reveal All Weaknesses Losses Risk Member Future Sales Fund Common Shares Convertible Securities Decline Market Value Dilution Risk Member [Member] Future Sales Fund Common Shares Convertible Securities Decline Market Value Dilution Risk Member Lack Of Liquidity Fund Assets Affect Business Financial Operations Distributions Risk Member [Member] Lack Of Liquidity Fund Assets Affect Business Financial Operations Distributions Risk Member CLO Failure Tests Loan Defaults Negative Ratings Pressure Fund Investments Risk Member [Member] CLO Failure Tests Loan Defaults Negative Ratings Pressure Fund Investments Risk Member Fund Direct Corporate Loan Investments Similar Incremental Risk Member [Member] Fund Direct Corporate Loan Investments Similar Incremental Risk Member Fund Hedging Corporate Credit Spread Interest Rates Affect Business Financial Operations Distributions Risk Member [Member] Fund Hedging Corporate Credit Spread Interest Rates Affect Business Financial Operations Distributions Risk Member