Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Update

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,390 shares, an increase of 146.3% from the May 14th total of 2,594 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,874 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Bancroft Fund

Large investors have recently added to or reduced their stakes in the business. Caldwell Trust Co purchased a new position in Bancroft Fund during the fourth quarter worth about $55,000. PNC Financial Services Group Inc. lifted its position in Bancroft Fund by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,660 shares of the financial services provider’s stock worth $146,000 after buying an additional 500 shares during the period. Raymond James Financial Inc. purchased a new position in Bancroft Fund during the second quarter worth about $136,000. Osaic Holdings Inc. lifted its position in Bancroft Fund by 95.8% during the second quarter. Osaic Holdings Inc. now owns 8,415 shares of the financial services provider’s stock worth $159,000 after buying an additional 4,118 shares during the period. Finally, First Trust Advisors LP purchased a new position in Bancroft Fund during the third quarter worth about $206,000. 22.43% of the stock is currently owned by hedge funds and other institutional investors.

Bancroft Fund Price Performance

NYSEAMERICAN:BCV traded up $0.25 during trading hours on Friday, reaching $25.52. 42,876 shares of the company traded hands, compared to its average volume of 17,967. The firm’s 50-day moving average is $24.60 and its 200-day moving average is $23.35. Bancroft Fund has a 1-year low of $18.11 and a 1-year high of $27.33.

Bancroft Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.5%.

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.