Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Update

by · The Cerbat Gem

Bancroft Fund Limited (NYSEAMERICAN:BCV – Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,594 shares, a decrease of 53.0% from the April 30th total of 5,516 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 20,611 shares, the short-interest ratio is presently 0.1 days.

Bancroft Fund Price Performance

Shares of Bancroft Fund stock traded up $0.17 on Monday, reaching $26.60. 15,037 shares of the company’s stock were exchanged, compared to its average volume of 18,023. Bancroft Fund has a 52 week low of $17.78 and a 52 week high of $26.66. The firm’s 50-day moving average is $23.87 and its two-hundred day moving average is $23.11.

Bancroft Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Bancroft Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Bulldog Investors LLP bought a new position in shares of Bancroft Fund in the 3rd quarter worth $863,000. PNC Financial Services Group Inc. lifted its holdings in shares of Bancroft Fund by 48.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,205 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 3,000 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Bancroft Fund by 114.4% in the 1st quarter. First Trust Advisors LP now owns 25,913 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 13,827 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Bancroft Fund by 2.1% in 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Bancroft Fund in the 2nd quarter worth $136,000. 22.43% of the stock is currently owned by institutional investors.

Bancroft Fund Company Profile

(Get Free Report)

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.

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