Bancroft Fund Limited (NYSEAMERICAN:BCV) Sees Large Drop in Short Interest

Key Points

• Bancroft Fund Limited (NYSEAMERICAN:BCV) experienced a significant decline in short interest, dropping 80.2% from 19,200 shares to 3,800 shares by September 30th.
• The BCV stock is currently priced at $23.31, down 1.2%, with a 1-year trading range between $15.63 and $23.88.
• Bancroft Fund is managed by Gabelli Funds, LLC and primarily invests in convertible securities across various market capitalizations.

Bancroft Fund Limited (NYSEAMERICAN:BCV - ) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,800 shares, a drop of 80.2% from the September 15th total of 19,200 shares. Based on an average trading volume of 28,100 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 28,100 shares, the short-interest ratio is currently 0.1 days.

Bancroft Fund Stock Down 1.2%

Shares of BCV stock traded down $0.29 during mid-day trading on Friday, reaching $23.31. The stock had a trading volume of 8,116 shares, compared to its average volume of 22,468. Bancroft Fund has a 1-year low of $15.63 and a 1-year high of $23.88. The business's fifty day moving average is $21.44 and its 200-day moving average is $19.24.

About Bancroft Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.