Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Up 375.1% in March

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 6,832 shares, an increase of 375.1% from the February 26th total of 1,438 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,405 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 8,405 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Buying and Selling

In other Bancroft Fund news, insider Mario J. Gabelli sold 1,300 shares of Bancroft Fund stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $22.25, for a total transaction of $28,925.00. Following the transaction, the insider directly owned 25,700 shares of the company’s stock, valued at approximately $571,825. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Bancroft Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Bancroft Fund by 8.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,660 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 500 shares during the period. Mezzasalma Advisors LLC grew its holdings in shares of Bancroft Fund by 1.3% in the fourth quarter. Mezzasalma Advisors LLC now owns 39,356 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 524 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Bancroft Fund by 2.0% in 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 last quarter. Uhlmann Price Securities LLC increased its stake in shares of Bancroft Fund by 3.8% in the third quarter. Uhlmann Price Securities LLC now owns 23,152 shares of the financial services provider’s stock worth $507,000 after buying an additional 856 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Bancroft Fund by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 18,946 shares of the financial services provider’s stock valued at $358,000 after buying an additional 900 shares during the last quarter. 22.43% of the stock is currently owned by institutional investors.

Bancroft Fund Trading Up 1.9%

Shares of NYSEAMERICAN:BCV opened at $22.13 on Wednesday. The company’s fifty day moving average is $23.11 and its 200 day moving average is $22.66. Bancroft Fund has a 52 week low of $15.63 and a 52 week high of $24.55.

Bancroft Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th were issued a $0.35 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 6.3%.

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.