Bancroft Fund Limited (NYSEAMERICAN:BCV) Shares Shorted: Short Interest Down 89.0% in October

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

Institutional Trading of Bancroft Fund

Several institutional investors and hedge funds have recently bought and sold shares of BCV. Mezzasalma Advisors LLC boosted its position in Bancroft Fund by 1.4% during the third quarter. Mezzasalma Advisors LLC now owns 37,244 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 521 shares during the last quarter. Royal Bank of Canada increased its position in shares of Bancroft Fund by 2.1% during the 1st quarter. Royal Bank of Canada now owns 36,148 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 729 shares during the last quarter. Uhlmann Price Securities LLC increased its position in shares of Bancroft Fund by 3.5% during the 3rd quarter. Uhlmann Price Securities LLC now owns 27,224 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 931 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Bancroft Fund during the 2nd quarter worth approximately $26,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Bancroft Fund during the 2nd quarter worth approximately $73,000. Institutional investors own 22.43% of the company’s stock.

Bancroft Fund Trading Down 1.3%

NYSEAMERICAN:BCV traded down $0.29 on Thursday, hitting $21.22. 20,380 shares of the company’s stock were exchanged, compared to its average volume of 14,863. The firm has a 50-day moving average price of $22.88 and a 200-day moving average price of $23.85. Bancroft Fund has a 52 week low of $20.80 and a 52 week high of $27.33.

Bancroft Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Monday, November 23rd will be given a $0.50 dividend. This is an increase from Bancroft Fund’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, November 23rd.

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.