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

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the recipient of a significant decrease in short interest during the month of 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. Based on an average daily volume of 9,364 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Bancroft Fund

Several large investors have recently bought and sold shares of BCV. Advisors Asset Management Inc. acquired a new position in Bancroft Fund during the third quarter worth about $3,744,000. Bank of America Corp DE acquired a new stake in shares of Bancroft Fund in the 2nd quarter valued at approximately $2,620,000. Beckerman Institutional LLC bought a new stake in shares of Bancroft Fund during the 2nd quarter valued at approximately $1,894,000. Evolve Private Wealth LLC bought a new stake in shares of Bancroft Fund during the 2nd quarter valued at approximately $524,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Bancroft Fund by 13.8% during the 3rd 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 purchasing an additional 16,619 shares during the last quarter. 22.43% of the stock is owned by institutional investors and hedge funds.

Bancroft Fund Trading Up 2.2%

Shares of BCV traded up $0.46 during midday trading on Wednesday, hitting $21.45. The company’s stock had a trading volume of 15,269 shares, compared to its average volume of 14,835. Bancroft Fund has a one year low of $20.80 and a one year high of $27.33. The company’s fifty day simple moving average is $22.94 and its two-hundred day simple moving average is $23.86.

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.