Bancroft Fund Limited (NYSEAMERICAN:BCV) Sees Significant Growth in Short Interest

Bancroft Fund Limited (NYSEAMERICAN:BCV) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,161 shares, an increase of 57.2% from the December 15th total of 1,375 shares. Based on an average daily trading volume, of 14,503 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 14,503 shares, the days-to-cover ratio is presently 0.1 days.

Bancroft Fund Price Performance

BCV traded down $0.01 during trading on Friday, hitting $23.71. The company’s stock had a trading volume of 8,349 shares, compared to its average volume of 12,553. Bancroft Fund has a twelve month low of $15.63 and a twelve month high of $23.89. The stock’s fifty day moving average price is $22.31 and its 200-day moving average price is $21.59.

About Bancroft Fund

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.