Bancroft Fund Limited (NYSEAMERICAN:BCV) Sees Large Decline in Short Interest

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,252 shares, a decrease of 39.0% from the July 30th total of 6,967 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 30,352 shares, the short-interest ratio is currently 0.1 days.

Bancroft Fund Price Performance

Bancroft Fund stock traded down $0.24 during trading on Tuesday, reaching $24.01. The company had a trading volume of 15,902 shares, compared to its average volume of 16,196. The firm’s 50-day simple moving average is $24.78 and its 200 day simple moving average is $24.22. Bancroft Fund has a 52 week low of $20.68 and a 52 week high of $27.33.

Bancroft Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.8%. This is an increase from Bancroft Fund’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new position in shares of Bancroft Fund during the 2nd quarter valued at approximately $301,000. Bank of America Corp DE bought a new stake in Bancroft Fund during the 2nd quarter worth approximately $2,620,000. Evolve Private Wealth LLC bought a new stake in Bancroft Fund during the 2nd quarter worth approximately $524,000. Beckerman Institutional LLC purchased a new position in Bancroft Fund during the second quarter valued at approximately $1,894,000. Finally, Allworth Financial LP purchased a new position in Bancroft Fund during the second quarter valued at approximately $26,000. 22.43% of the stock is owned by hedge funds and other institutional investors.

About Bancroft Fund

Bancroft Fund, Inc (NYSE American: BCV) is a closed-end management investment company that seeks long-term growth of capital. Shares of the Fund trade on the NYSE American exchange, providing investors with access to a diversified portfolio of U.S. equity securities under a closed-end structure. The Fund’s board of directors oversees a disciplined investment process governed by a stated strategy and risk parameters.

The Fund’s primary investment objective is capital appreciation. To pursue this goal, Bancroft Fund allocates at least 80% of its total assets to equity securities of U.S.