Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Update

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

Hedge Funds Weigh In On Bancroft Fund

A number of institutional investors have recently bought and sold shares of BCV. Royal Bank of Canada raised its stake in Bancroft Fund by 2.0% during the first quarter. Royal Bank of Canada now owns 42,161 shares of the financial services provider’s stock worth $735,000 after purchasing an additional 807 shares during the period. Cetera Investment Advisers raised its stake in Bancroft Fund by 5.0% during the second quarter. Cetera Investment Advisers now owns 18,946 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 900 shares during the period. Invesco Ltd. increased its position in shares of Bancroft Fund by 141.4% during the second quarter. Invesco Ltd. now owns 31,618 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 18,522 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bancroft Fund during the second quarter valued at about $136,000. Finally, Ameriprise Financial Inc. increased its position in shares of Bancroft Fund by 32.8% during the second quarter. Ameriprise Financial Inc. now owns 285,799 shares of the financial services provider’s stock valued at $5,403,000 after acquiring an additional 70,606 shares during the last quarter. 22.43% of the stock is owned by hedge funds and other institutional investors.

Bancroft Fund Price Performance

BCV stock traded up $0.24 during trading on Tuesday, reaching $26.84. 28,715 shares of the stock were exchanged, compared to its average volume of 16,889. The business has a 50 day moving average price of $23.87 and a 200-day moving average price of $23.11. Bancroft Fund has a 1 year low of $18.03 and a 1 year high of $27.33.

Bancroft Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.40 dividend on an annualized basis and a yield of 5.2%.

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.