Bancroft Fund Ltd. (NYSEAMERICAN:BCV - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 13,600 shares, an increase of 47.8% from the September 30th total of 9,200 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.8 days.
Bancroft Fund Price Performance
Shares of NYSEAMERICAN BCV traded down $0.05 during midday trading on Tuesday, hitting $16.88. 28,630 shares of the company's stock were exchanged, compared to its average volume of 20,108. Bancroft Fund has a 12-month low of $14.12 and a 12-month high of $17.42.
About Bancroft Fund
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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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