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Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Up 97.1% in July

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Key Points

  • Bancroft Fund Limited (NYSEAMERICAN:BCV) witnessed a significant rise in short interest, increasing by 97.1% in July, from 6,800 shares to 13,400 shares.
  • The short-interest ratio stands at 0.8 days, with approximately 0.2% of the company's stock sold short based on an average daily trading volume of 16,900 shares.
  • Bancroft Fund's shares traded up 0.4%, reaching a price of $20.20, with a 52-week trading range of $15.63 to $20.28.
  • MarketBeat previews the top five stocks to own by October 1st.

Bancroft Fund Limited (NYSEAMERICAN:BCV - Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,400 shares, agrowthof97.1% from the July 15th total of 6,800 shares. Based on an average daily trading volume, of 16,900 shares, the short-interest ratio is presently 0.8 days. Currently,0.2% of the company's shares are short sold. Currently,0.2% of the company's shares are short sold. Based on an average daily trading volume, of 16,900 shares, the short-interest ratio is presently 0.8 days.

Bancroft Fund Stock Performance

NYSEAMERICAN:BCV traded up $0.30 during midday trading on Friday, hitting $20.37. 19,961 shares of the company traded hands, compared to its average volume of 19,817. The firm has a fifty day moving average price of $19.34. Bancroft Fund has a 12-month low of $15.63 and a 12-month high of $20.44.

Bancroft Fund Company Profile

(Get Free Report)

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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