Bancroft Fund Limited (NYSEAMERICAN:BCV) Stock Short Interest Report for October

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,231 shares, a decrease of 65.4% from the September 30th total of 9,349 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 16,602 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in Bancroft Fund in the 2nd quarter worth $2,620,000. Beckerman Institutional LLC purchased a new stake in shares of Bancroft Fund during the second quarter worth about $1,894,000. Mezzasalma Advisors LLC lifted its stake in shares of Bancroft Fund by 1.4% in the third quarter. Mezzasalma Advisors LLC now owns 37,244 shares of the financial services provider’s stock worth $860,000 after acquiring an additional 521 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Bancroft Fund by 2.1% in the first quarter. Royal Bank of Canada now owns 36,148 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 729 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Bancroft Fund by 114.4% in the first quarter. First Trust Advisors LP now owns 25,913 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 13,827 shares during the last quarter. 22.43% of the stock is owned by institutional investors and hedge funds.

Bancroft Fund Price Performance

Bancroft Fund stock traded down $0.15 during trading on Thursday, reaching $22.20. The company had a trading volume of 17,812 shares, compared to its average volume of 12,537. Bancroft Fund has a 12-month low of $21.06 and a 12-month high of $27.33. The stock’s 50 day moving average price is $23.47 and its two-hundred day moving average price is $23.95.

Bancroft Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 7.4%. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 16th.

About Bancroft Fund

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.