Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Update

Bancroft Fund Limited (NYSEAMERICAN:BCV) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,438 shares, a decrease of 37.8% from the February 12th total of 2,311 shares. Based on an average trading volume of 11,850 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 11,850 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling

In other Bancroft Fund news, insider Mario J. Gabelli sold 1,300 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $22.25, for a total value of $28,925.00. Following the completion of the sale, the insider owned 25,700 shares of the company’s stock, valued at approximately $571,825. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Bancroft Fund

A number of large investors have recently made changes to their positions in BCV. Saba Capital Management L.P. raised its stake in Bancroft Fund by 14.9% in the 4th quarter. Saba Capital Management L.P. now owns 361,294 shares of the financial services provider’s stock worth $7,985,000 after acquiring an additional 46,755 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Bancroft Fund by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 306,950 shares of the financial services provider’s stock worth $6,717,000 after acquiring an additional 21,151 shares during the period. Pathstone Holdings LLC grew its stake in Bancroft Fund by 245.0% during the 3rd quarter. Pathstone Holdings LLC now owns 99,665 shares of the financial services provider’s stock valued at $2,181,000 after purchasing an additional 70,776 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Bancroft Fund by 25,710.4% in the third quarter. Bank of America Corp DE now owns 99,628 shares of the financial services provider’s stock valued at $2,180,000 after purchasing an additional 99,242 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Bancroft Fund by 21.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 97,374 shares of the financial services provider’s stock valued at $2,152,000 after purchasing an additional 17,095 shares during the period. 22.43% of the stock is owned by hedge funds and other institutional investors.

Bancroft Fund Stock Down 1.2%

BCV stock traded down $0.28 during trading on Friday, reaching $22.34. The company had a trading volume of 12,988 shares, compared to its average volume of 9,535. The firm has a 50-day simple moving average of $23.22 and a 200-day simple moving average of $22.60. Bancroft Fund has a twelve month low of $15.63 and a twelve month high of $24.55.

Bancroft Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.3%.

About Bancroft Fund

Bancroft Fund, Inc (NYSE American: BCV) is a closed-end management investment company that seeks long-term growth of capital. Shares of the Fund trade on the NYSE American exchange, providing investors with access to a diversified portfolio of U.S. equity securities under a closed-end structure. The Fund’s board of directors oversees a disciplined investment process governed by a stated strategy and risk parameters.

The Fund’s primary investment objective is capital appreciation. To pursue this goal, Bancroft Fund allocates at least 80% of its total assets to equity securities of U.S.