Bancroft Fund Limited (NYSEAMERICAN:BCV) Short Interest Down 39.0% in August

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 4,252 shares, a decline of 39.0% from the July 30th total of 6,967 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,352 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Bancroft Fund

Hedge funds have recently bought and sold shares of the company. Uhlmann Price Securities LLC increased its holdings in Bancroft Fund by 2.8% during the 1st quarter. Uhlmann Price Securities LLC now owns 24,189 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 670 shares in the last quarter. Royal Bank of Canada grew its position in shares of Bancroft Fund by 2.1% in the first quarter. Royal Bank of Canada now owns 36,148 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 729 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Bancroft Fund by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 18,946 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 900 shares during the last quarter. Allworth Financial LP purchased a new stake in Bancroft Fund in the 2nd quarter valued at approximately $26,000. Finally, First Trust Advisors LP lifted its stake in Bancroft Fund by 28.4% in the 4th quarter. First Trust Advisors LP now owns 12,086 shares of the financial services provider’s stock valued at $267,000 after buying an additional 2,670 shares in the last quarter. 22.43% of the stock is owned by hedge funds and other institutional investors.

Bancroft Fund Stock Performance

Shares of BCV opened at $24.84 on Monday. Bancroft Fund has a twelve month low of $20.68 and a twelve month high of $27.33. The firm’s 50-day moving average is $24.85 and its two-hundred day moving average is $24.21.

Bancroft Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.41 per share. This is a positive change from Bancroft Fund’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.64 annualized dividend and a dividend yield of 6.6%.

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.