Bancroft Fund Ltd. (NYSEAMERICAN:BCV) Sees Significant Increase in Short Interest

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 18,400 shares, a growth of 12.2% from the July 31st total of 16,400 shares. Based on an average daily volume of 16,500 shares, the short-interest ratio is currently 1.1 days.

Bancroft Fund Trading Up 0.5 %

NYSEAMERICAN BCV traded up $0.08 on Monday, hitting $16.45. 14,800 shares of the company’s stock were exchanged, compared to its average volume of 21,161. Bancroft Fund has a fifty-two week low of $14.09 and a fifty-two week high of $17.15.

About Bancroft Fund

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.