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

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,600 shares, an increase of 491.3% from the December 15th total of 2,300 shares. Based on an average trading volume of 17,600 shares, the days-to-cover ratio is presently 0.8 days.

Bancroft Fund Stock Performance

Shares of Bancroft Fund stock traded down $0.18 during trading on Monday, reaching $17.76. The company had a trading volume of 11,404 shares, compared to its average volume of 10,801. Bancroft Fund has a fifty-two week low of $14.51 and a fifty-two week high of $18.64.

Bancroft Fund Company Profile

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.