Shorts On Watch: Is Buying Boulder Growth & Income Fund I (NYSE:BIF), Having Higher Short Interest a Winning Strategy?

November 25, 2016 - By Ruchi Gupta   ·   0 Comments

Shorts On Watch: Is Buying Boulder Growth & Income Fund I (NYSE:BIF), Having Higher Short Interest a Winning Strategy?

The stock of Boulder Growth & Income Fund I (NYSE:BIF) registered an increase of 2.36% in short interest. BIF’s total short interest was 455,900 shares in November as published by FINRA. Its up 2.36% from 445,400 shares, reported previously. With 130,600 shares average volume, it will take short sellers 4 days to cover their BIF’s short positions. The stock increased 0.57% or $0.05 on November 25, hitting $8.8. About 91,683 shares traded hands. Boulder Growth and Income Fund Inc (NYSE:BIF) has risen 9.92% since April 22, 2016 and is uptrending. It has outperformed by 4.52% the S&P500.

Boulder Growth & Income Fund, Inc. is a closed-end, diversified management investment company. The company has a market cap of $937.94 million. The Fund’s investment objective is to seek a high level of total return through current income and capital appreciation by investing primarily in high yield, fixed income securities of domestic companies. It currently has negative earnings. The Fund invests approximately 80% of the value of its assets in high yield debt securities.

Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.97, from 0.62 in 2016Q1. The ratio is positive, as 9 funds sold all Boulder Growth and Income Fund Inc shares owned while 20 reduced positions. 2 funds bought stakes while 16 increased positions. They now own 23.34 million shares or 7.49% less from 25.23 million shares in 2016Q1.
Commercial Bank Of America De holds 7,415 shares or 0% of its portfolio. Tfs Cap Limited Liability Com reported 61,743 shares or 0.09% of all its holdings. Commonwealth Equity Services owns 36,055 shares or 0% of their US portfolio. Brinker Capital Inc, a Pennsylvania-based fund reported 257,009 shares. Moreover, Roundview Limited has 0.1% invested in Boulder Growth and Income Fund Inc (NYSE:BIF) for 32,373 shares. Grt Cap Ptnrs Limited Liability Company holds 0.03% or 14,260 shares in its portfolio. Hotchkis And Wiley Cap Management Limited Liability holds 118,292 shares or 0% of its portfolio. Round Table Ltd Com holds 25,800 shares or 0.12% of its portfolio. Modera Wealth Limited Liability Company has 16,769 shares for 0.05% of their US portfolio. Bulldog Investors Limited Liability Company accumulated 0.89% or 426,605 shares. Morgan Stanley has 0% invested in the company for 1.68M shares. Thomas J Herzfeld Advsrs has 6.78% invested in the company for 1.57 million shares. Blue Bell Private Wealth Mngmt Ltd Company holds 0.08% or 15,412 shares in its portfolio. Moreover, Css Ltd Il has 0.37% invested in Boulder Growth and Income Fund Inc (NYSE:BIF) for 677,749 shares. Shaker Fincl Svcs Ltd Llc holds 3.72% of its portfolio in Boulder Growth and Income Fund Inc (NYSE:BIF) for 658,266 shares.

BIF Company Profile

Boulder Growth & Income Fund, Inc. (the Fund) is a non-diversified, closed-end management company. The Fund’s investment objective is total return. The Fund seeks to produce both long-term capital appreciation and current income through investment in common stocks and income producing securities. For long-term capital appreciation, the Fund typically will invest in United States companies. The Fund is concentrated in real estate investment trusts (REITs), which means it must invest more than 25% of its total assets in REITs and other companies in the real estate industry. The Fund also seeks to invest in other registered closed-end income funds, such as bond funds, as well as other income producing securities.

More notable recent Boulder Growth and Income Fund Inc (NYSE:BIF) news were published by: Businesswire.com which released: “Boulder Growth & Income Fund, Inc. Institutes Monthly Managed Distribution Program” on November 11, 2015, also Businesswire.com with their article: “Boulder Growth & Income Fund, Inc. Declares Monthly Dividend” published on May 05, 2016, Seekingalpha.com published: “Boulder Growth & Income Fund (BIF): A Good Or Bad Investment?” on September 23, 2016. More interesting news about Boulder Growth and Income Fund Inc (NYSE:BIF) were released by: Businesswire.com and their article: “Boulder Growth & Income Fund, Inc. Declares Increase in Monthly Dividends” published on November 10, 2016 as well as Seekingalpha.com‘s news article titled: “Boulder Growth & Income: Trading At A Big Discount, But Probably Justified” with publication date: October 22, 2015.

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By Ruchi Gupta

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