November 25, 2016 - By Peter Erickson · 0 Comments
The stock of Bancroft Fund Limited (NYSEMKT:BCV) registered an increase of 3.44% in short interest. BCV’s total short interest was 39,100 shares in November as published by FINRA. Its up 3.44% from 37,800 shares, reported previously. With 16,700 shares average volume, it will take short sellers 2 days to cover their BCV’s short positions. About 3,873 shares traded hands. Bancroft Fund Ltd. (NYSEMKT:BCV) has risen 12.39% since April 22, 2016 and is uptrending. It has outperformed by 6.98% the S&P500.
Bancroft Fund Ltd. is a diversified, closed-end management investment company. The company has a market cap of $105.15 million. The Fund’s investment objective is to providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. It currently has negative earnings. The Fund invests in convertible securities.
Insitutional Activity: The institutional sentiment is 0.92 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 4 funds sold all Bancroft Fund Ltd. shares owned while 9 reduced positions. only 3 funds bought stakes while 9 increased positions. They now own 1.10 million shares or 11.00% less from 1.24 million shares in 2016Q1.
Saba Management L P reported 238,599 shares or 0.4% of all its holdings. Landscape Cap Mngmt Ltd Com holds 0.21% or 82,913 shares in its portfolio. Concert Wealth Mgmt reported 10,439 shares or 0.03% of all its holdings. Moreover, Morgan Stanley has 0% invested in Bancroft Fund Ltd. (NYSEMKT:BCV) for 159,663 shares. Raymond James Assocs holds 0% of its portfolio in Bancroft Fund Ltd. (NYSEMKT:BCV) for 46,303 shares. Geode Cap Mgmt Ltd Liability has 22,400 shares for 0% of their US portfolio. Ladenburg Thalmann last reported 0% of its portfolio in the stock. Lpl Fincl Limited Liability Com has 0% invested in the company for 16,551 shares. Westport Resource Management Inc last reported 0.01% of its portfolio in the stock. Blue Bell Private Wealth Management Llc has 3,104 shares for 0.04% of their US portfolio. Citigroup, a New York-based fund reported 5,592 shares. Doliver Advsr Inc holds 0.27% or 17,026 shares in its portfolio. The Pennsylvania-based Pnc Financial Grp has invested 0% in Bancroft Fund Ltd. (NYSEMKT:BCV). Rmb Cap Ltd Com accumulated 20,645 shares or 0.02% of the stock. The Illinois-based Guggenheim Capital Llc has invested 0.01% in Bancroft Fund Ltd. (NYSEMKT:BCV).
Bancroft Fund Ltd. (The Fund), incorporated on October 18, 2005, operates as a closed-end, diversified management firm and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation. The portfolio of the Fund at July 31, 2014 consisted of 72.7% cash-pay convertible bonds and notes, 12.1% convertible preferred stock, 12.0% mandatory convertible issues and 0.6% common stock.
More notable recent Bancroft Fund Ltd. (NYSEMKT:BCV) news were published by: Businesswire.com which released: “Bancroft Fund Ltd. Announces the Offering of $30 Million of 5.375% Series A …” on August 04, 2016, also Businesswire.com with their article: “Bancroft Fund Ltd Declares Distribution of $0.52 Per Share” published on November 18, 2016, Nasdaq.com published: “Bancroft Fund Limited (BCV) Ex-Dividend Date Scheduled for November 23, 2016” on November 22, 2016. More interesting news about Bancroft Fund Ltd. (NYSEMKT:BCV) were released by: Businesswire.com and their article: “Gabelli Funds is Named the Investment Adviser of Bancroft Fund and Ellsworth …” published on October 21, 2015 as well as Marketwired.com‘s news article titled: “Dinsmore Capital Management Co. Announces Results of Special Shareholders Meeting” with publication date: October 19, 2015.
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By Peter Erickson