Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Update

Bancroft Fund Limited (NYSEAMERICAN:BCV) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,252 shares, a decline of 39.0% from the July 30th total of 6,967 shares. Based on an average daily volume of 30,352 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Bancroft Fund

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP acquired a new position in shares of Bancroft Fund during the second quarter worth $26,000. Raymond James Financial Inc. acquired a new stake in shares of Bancroft Fund in the 2nd quarter worth $136,000. Osaic Holdings Inc. boosted its position in shares of Bancroft Fund by 95.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,415 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 4,118 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Bancroft Fund by 48.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,205 shares of the financial services provider’s stock worth $198,000 after buying an additional 3,000 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Bancroft Fund during the 3rd quarter valued at about $206,000. 22.43% of the stock is currently owned by institutional investors and hedge funds.

Bancroft Fund Stock Performance

Bancroft Fund stock traded up $0.17 during trading hours on Wednesday, reaching $24.18. The stock had a trading volume of 779 shares, compared to its average volume of 16,104. The business’s 50 day moving average price is $24.78 and its 200-day moving average price 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a dividend of $0.41 per share. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 16th. This represents a $1.64 annualized dividend and a dividend yield of 6.8%.

Bancroft Fund Company Profile

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.