Bancroft Fund Limited (NYSEAMERICAN:BCV) Sees Significant Decrease in Short Interest

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,594 shares, a decline of 53.0% from the April 30th total of 5,516 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 20,611 shares, the short-interest ratio is currently 0.1 days.

Bancroft Fund Stock Up 0.5%

BCV stock traded up $0.12 during mid-day trading on Friday, reaching $26.43. 19,410 shares of the stock traded hands, compared to its average volume of 17,959. Bancroft Fund has a 52 week low of $17.75 and a 52 week high of $26.53. The business has a 50-day moving average of $23.78 and a two-hundred day moving average of $23.09.

Bancroft Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Bancroft Fund by 8.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,660 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 500 shares in the last quarter. Mezzasalma Advisors LLC raised its stake in Bancroft Fund by 1.3% during the fourth quarter. Mezzasalma Advisors LLC now owns 39,356 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 524 shares in the last quarter. Uhlmann Price Securities LLC raised its stake in Bancroft Fund by 2.8% during the first quarter. Uhlmann Price Securities LLC now owns 24,189 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 670 shares in the last quarter. Royal Bank of Canada raised its stake in Bancroft Fund by 2.1% during the first quarter. Royal Bank of Canada now owns 36,148 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 729 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Bancroft Fund by 5.0% during the second quarter. Cetera Investment Advisers now owns 18,946 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 900 shares in the last quarter. 22.43% of the stock is currently owned by institutional investors and hedge funds.

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.