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

Bancroft Fund Limited (NYSEAMERICAN:BCV) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,252 shares, a decrease of 39.0% from the July 30th total of 6,967 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 30,352 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Bancroft Fund

Several institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new stake in shares of Bancroft Fund in the second quarter valued at about $301,000. Bank of America Corp DE purchased a new stake in shares of Bancroft Fund in the second quarter valued at approximately $2,620,000. Evolve Private Wealth LLC acquired a new position in Bancroft Fund during the second quarter worth $524,000. Beckerman Institutional LLC purchased a new position in Bancroft Fund in the second quarter worth $1,894,000. Finally, Allworth Financial LP acquired a new stake in Bancroft Fund in the second quarter valued at $26,000. 22.43% of the stock is owned by institutional investors and hedge funds.

Bancroft Fund Price Performance

Bancroft Fund stock opened at $24.84 on Monday. The stock has a 50 day moving average of $24.85 and a two-hundred day moving average of $24.21. Bancroft Fund has a twelve month low of $20.68 and a twelve month high of $27.33.

Bancroft Fund Increases Dividend

The business 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 represents a $1.64 annualized dividend and a dividend yield of 6.6%. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, September 16th.

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.