Bancroft Fund Ltd. (NYSEAMERICAN:BCV) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, a growth of 525.0% from the December 15th total of 400 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is currently 0.1 days.
Shares of NYSEAMERICAN BCV traded down $0.21 during midday trading on Friday, hitting $25.00. 115 shares of the company traded hands, compared to its average volume of 27,360. Bancroft Fund has a 12-month low of $25.12 and a 12-month high of $36.33.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 28th. Stockholders of record on Wednesday, November 24th were issued a dividend of $3.17 per share. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, November 23rd. This represents a $12.68 dividend on an annualized basis and a dividend yield of 50.72%.
Bancroft Fund Company Profile
Bancroft Fund Ltd. (NYSE MKT: BCV) operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of 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.
Recommended Story: Is it better to buy a fund with a higher or lower NAV?
Receive News & Ratings for Bancroft Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancroft Fund and related companies with MarketBeat.com's FREE daily email newsletter.