Short Interest in Bancroft Fund Limited (NYSEAMERICAN:BCV) Grows By 54.5%

Key Points

• Bancroft Fund Limited experienced a 54.5% increase in short interest in August, rising to 20,700 shares from 13,400 at the end of July.
• As of the latest data, the days-to-cover ratio stands at 1.1 days, based on an average daily volume of 18,500 shares.
• On a recent trading day, Bancroft Fund shares fell by 1.3%, closing at $20.78 with a 52-week trading range of $15.63 to $21.20.

Bancroft Fund Limited (NYSEAMERICAN:BCV - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 20,700 shares, a growth of 54.5% from the July 31st total of 13,400 shares. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 1.1 days.

Bancroft Fund Price Performance

NYSEAMERICAN BCV traded up $0.10 during trading hours on Friday, reaching $21.56. 8,766 shares of the company's stock traded hands, compared to its average volume of 19,594. Bancroft Fund has a 52-week low of $15.63 and a 52-week high of $21.61. The business's 50-day simple moving average is $20.03.

Bancroft Fund Company Profile

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.