Short Interest in Bancroft Fund Limited (NYSEAMERICAN:BCV) Drops By 34.9%
Bancroft Fund Limited (NYSEAMERICAN:BCV) experienced a 34.9% drop in short interest in September, with total short interest falling to 19,200 shares from 29,500 shares at the end of August. The days-to-cover ratio is currently 0.7 days based on an average daily trading volume of 25,700 shares. The stock traded up 0.8% to $22.51, with a 12-month range of $15.63 to $22.56. Bancroft Fund is managed by Gabelli Funds, LLC and primarily invests in convertible securities.
Bancroft Fund Limited (NYSEAMERICAN:BCV - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 19,200 shares, a decline of 34.9% from the August 31st total of 29,500 shares. Based on an average trading volume of 25,700 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 25,700 shares, the short-interest ratio is presently 0.7 days.
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Bancroft Fund Stock Up 0.8%
Shares of NYSEAMERICAN BCV traded up $0.18 during trading on Monday, hitting $22.51. 41,131 shares of the company were exchanged, compared to its average volume of 22,184. Bancroft Fund has a 12-month low of $15.63 and a 12-month high of $22.56. The company has a fifty day moving average price of $20.82 and a 200-day moving average price of $18.91.
About Bancroft Fund
(Get Free Report)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.
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