Bancroft Fund Limited (NYSEAMERICAN:BCV) Sees Significant Drop in Short Interest

Bancroft Fund Limited (NYSEAMERICAN:BCV) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 357 shares, a decrease of 89.0% from the October 15th total of 3,231 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,364 shares, the short-interest ratio is presently 0.0 days.

Bancroft Fund Trading Up 2.2%

Shares of NYSEAMERICAN BCV traded up $0.46 during mid-day trading on Wednesday, hitting $21.45. 15,269 shares of the stock traded hands, compared to its average volume of 14,835. Bancroft Fund has a twelve month low of $20.80 and a twelve month high of $27.33. The firm has a 50 day simple moving average of $22.94 and a two-hundred day simple moving average of $23.86.

Hedge Funds Weigh In On Bancroft Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in Bancroft Fund in the third quarter valued at about $3,744,000. Bank of America Corp DE bought a new stake in shares of Bancroft Fund during the second quarter worth about $2,620,000. Beckerman Institutional LLC bought a new stake in shares of Bancroft Fund during the second quarter worth about $1,894,000. Evolve Private Wealth LLC bought a new stake in shares of Bancroft Fund during the second quarter worth about $524,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Bancroft Fund by 13.8% in the third quarter. Blue Bell Private Wealth Management LLC now owns 136,827 shares of the financial services provider’s stock valued at $3,158,000 after buying an additional 16,619 shares during the period. Institutional investors and hedge funds own 22.43% of the company’s stock.

Bancroft Fund Company Profile

Bancroft Fund, Inc. is a closed-end investment company listed on the NYSE American under the symbol BCV. The fund seeks to provide shareholders with a combination of current income and long-term capital appreciation through a managed portfolio of investments. The fund primarily invests in convertible securities, including convertible bonds and convertible preferred stocks, as well as other income-producing and equity securities. Convertible investments may provide regular income while also offering the potential to participate in the growth of the underlying companies’ common stocks.