Bancroft Fund Ltd. (NYSEAMERICAN:BCV) Sees Large Growth in Short Interest

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

Bancroft Fund Stock Performance

NYSEAMERICAN BCV traded up $0.02 on Tuesday, hitting $18.25. 9,217 shares of the company’s stock were exchanged, compared to its average volume of 15,483. Bancroft Fund has a 52 week low of $14.51 and a 52 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.