Bancroft Fund Ltd. (NYSEAMERICAN:BCV - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,800 shares, a growth of 11.6% from the February 29th total of 4,300 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is presently 0.2 days.
Bancroft Fund Stock Down 0.2 %
BCV stock traded down $0.03 on Monday, hitting $15.96. 40,989 shares of the company were exchanged, compared to its average volume of 26,410. Bancroft Fund has a twelve month low of $14.09 and a twelve month high of $18.11.
Institutional Investors Weigh In On Bancroft Fund
Several large investors have recently made changes to their positions in BCV. JPMorgan Chase & Co. acquired a new stake in Bancroft Fund during the 1st quarter valued at $76,000. Advisor Partners II LLC acquired a new stake in Bancroft Fund during the 3rd quarter valued at $217,000. UBS Group AG boosted its stake in Bancroft Fund by 375.6% during the 1st quarter. UBS Group AG now owns 10,473 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 8,271 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Bancroft Fund during the 1st quarter valued at $254,000. Finally, Bulldog Investors LLP bought a new position in Bancroft Fund during the 2nd quarter valued at $259,000. Institutional investors and hedge funds own 18.15% of the company's stock.
About Bancroft Fund
(
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.
See Also
Before you consider Bancroft Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bancroft Fund wasn't on the list.
While Bancroft Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
