Bancroft Fund Limited (NYSEAMERICAN:BCV - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 3,800 shares, a drop of 28.3% from the May 15th total of 5,300 shares. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
Bancroft Fund Price Performance
Bancroft Fund stock traded up $0.07 during mid-day trading on Wednesday, hitting $18.27. 6,033 shares of the company's stock traded hands, compared to its average volume of 19,006. Bancroft Fund has a one year low of $15.20 and a one year high of $18.78. The company has a 50 day moving average price of $17.42.
About Bancroft Fund
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Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.
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