Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Up 146.3% in May

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

Hedge Funds Weigh In On Bancroft Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCV. Caldwell Trust Co bought a new position in Bancroft Fund during the fourth quarter worth about $55,000. Raymond James Financial Inc. purchased a new stake in shares of Bancroft Fund in the second quarter worth about $136,000. PNC Financial Services Group Inc. lifted its holdings in shares of Bancroft Fund by 8.1% in 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 in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Bancroft Fund by 95.8% in 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 in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Bancroft Fund in the third quarter worth about $206,000. Institutional investors own 22.43% of the company’s stock.

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Bancroft Fund Price Performance

NYSEAMERICAN:BCV traded up $0.25 on Friday, reaching $25.52. 42,876 shares of the company’s stock were exchanged, compared to its average volume of 17,967. Bancroft Fund has a 52 week low of $18.11 and a 52 week high of $27.33. The stock has a fifty day simple moving average of $24.60 and a 200-day simple moving average of $23.35.

Bancroft Fund Announces Dividend

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

About Bancroft Fund

(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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