BCV Bancroft Fund Ltd.

XASE
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BCV — —
Key stats
About
Exchange
XASE
Market Cap
$0.1B
List Date
1971-10-04
CIK
0000009521
Homepage
https://www.gabelli.com

Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.

Fund profile
Unclassified Unclassified Bancroft
Expense ratio
—
Assets
$129M
shares × price, Oct 21, 2026
Trailing yield
—
Average daily volume
$281K
30 sessions
Holdings
—
Listed
Oct 4, 1971
NYSE American
FrenzyCap ETF score
27
how it is built
Costn/a
Liquidity15
Scale41
Diversificationn/a

Moves with. US large-cap stocks (21% of its variance, beta 0.60); Value over growth (15% of its variance, beta -0.37); Gold (4% of its variance, beta 0.09). These factors explain 41% of its daily moves over the last year.

Overlap toolAll Unclassified ETFs

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Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan8.75%-10.60%11.55%-2.35%4.01%10.16%3.59%
Feb-4.10%-6.67%-3.42%0.00%0.44%-4.57%-3.05%
Mar-6.65%1.56%-5.61%3.16%-4.94%-6.27%-3.12%
Apr4.42%-9.53%-4.38%-5.54%-2.32%9.90%-1.24%
May0.68%-4.21%-0.49%4.68%5.00%7.92%2.26%
Jun1.20%-6.38%5.10%-0.06%5.06%-2.31%0.43%
Jul-2.49%5.18%3.51%5.32%3.83%-7.75%1.27%
Aug-0.08%0.45%-4.38%0.12%7.23%0.62%0.66%
Sep-5.88%-11.91%-6.30%3.33%4.15%-3.87%-3.41%
Oct1.29%3.98%-8.95%0.42%7.71%-3.20%*0.21%
Nov-9.12%-2.36%3.14%9.35%-7.09%---1.22%
Dec-2.40%-6.45%5.48%-4.53%-0.05%---1.59%
Total-14.66%-39.23%-6.58%13.71%24.11%-1.39%-4.01%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $22.77
SMA 50: $23.83
SMA 200: $23.99
Current: $22.05
EMA 12: $22.40
EMA 26: $22.93
MACD: -0.5351 | Signal: -0.0630
BEARISH
ADX (14): 29.31
TREND
+DI: 13.23
−DI: 30.01

Momentum Oscillators

RSI (14): 35.67
NEUTRAL
Stoch %K: 23.98
Stoch %D: 15.37
Williams %R: -73.68

Volume & Volatility

BB Upper: $23.96
BB Lower: $21.58
NEUTRAL
OBV: 1,695,449
Vol SMA 20: 13,820
Vol ROC: -96.49%
ATR: $0.47
True Range: $0.29
HV 20: 21.1%
HV 30: 19.8%
HV 60: 19.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: BCV

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers: Moderate volatility, stable trend, and recent distribution announcements.

Primary Risks: Low trading volume, lack of market-moving news, and potential for range-bound price action.

Investment Thesis: BCV's moderate volatility and stability make it a relatively safe option for investors seeking a low-risk portfolio. However, the stock's inability to break out of its current range may indicate limited upside potential in the short-term.

Recent News Sentiment Impact: Neutral news headlines have not had a significant impact on the stock's price action.

Technical Analysis

Trend Direction: Range-bound (1-4 weeks)

Support/Resistance Levels:

  • Lower Bollinger Band: $23.88
  • Middle Bollinger Band: $24.87
  • Upper Bollinger Band: $25.85
  • SMA 20: $24.87
  • EMA 12: $24.51

Momentum Signals:

  • RSI: Neutral (43.01)
  • MACD: Bearish (Signal: -0.09, Histogram: -0.04)

Volume Analysis: Moderate volume, declining trend.

News & Sentiment Analysis

Recent Headlines Summary: 6 consecutive news headlines about distribution announcements, all with neutral sentiment.

Sentiment Assessment: Neutral overall sentiment, no significant market-moving news.

Catalyst Identification: None identified, but stable earnings and dividend distributions could provide support for the stock's price action.

Risk & Volatility Assessment

Beta Interpretation: Moderate risk relative to SPY (beta: 0.92).

Volatility Regime: Moderate volatility - stock generally follows market.

Options Market Signals: No options data available.

Downside Protection: Support levels and risk management considerations are crucial in this range-bound market.

Market Context & Positioning

Sector Performance: BCV's performance is inline with its sector, no notable divergence.

Institutional Activity: Moderate volume and institutional interest signals a stable trend.

Correlation Analysis: Correlated with the broader market (R-squared: 0.58).

Relative Valuation: Trading within a range, no significant deviations from historical valuations.

Key Levels & Action Items

Critical Price Levels:

  • Lower Bollinger Band: $23.88
  • Middle Bollinger Band: $24.87
  • Upper Bollinger Band: $25.85

Breakout/Breakdown Levels: No significant levels identified, but a break above or below the current range could trigger meaningful moves.

Time-Sensitive Catalysts: None identified, but upcoming earnings and dividend announcements may provide support for the stock's price action.

Risk Management: Monitor volume patterns and adjust position sizing according to market conditions.

Additional Notes:

  • The lack of significant market-moving news and stable trend indicate a relatively low-risk investment opportunity.
  • However, the range-bound nature of BCV's price action suggests limited upside potential in the short-term.
  • Investors should prioritize risk management and monitor volume patterns to adjust their position sizing accordingly.
Generated
News
All BCV news →

BCV Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.9540
Alpha: -15.07%
Correlation: 0.5833
R-Squared: 34.0%
Stock Volatility: 20.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Beta & Alpha Over Time

BCV Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

39 filers2,225,349 shares$57.64M value
# Filer Shares Value % of Total % of Float Period
1 Saba Capital Management, L.P. 265,074 $6.89M 11.95% — 2026-06-30
2 SIT INVESTMENT ASSOCIATES INC 255,169 $6.63M 11.51% — 2026-06-30
3 Ameriprise Financial, Inc. Custodian 250,913 $6.52M 11.31% — 2026-06-30
4 Advisors Asset Management, Inc. 162,398 $4.22M 7.32% — 2026-06-30
5 Pathstone Holdings, LLC 148,531 $3.86M 6.70% — 2026-06-30
6 Morgan Stanley Custodian 141,663 $3.68M 6.39% — 2026-06-30
7 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 120,208 $3.12M 5.42% — 2026-06-30
8 Bank of America Corp Custodian 100,823 $2.62M 4.55% — 2026-06-30
9 GUGGENHEIM CAPITAL LLC 92,190 $2.40M 4.16% — 2026-06-30
10 Invesco Ltd. Custodian 81,873 $2.13M 3.69% — 2026-06-30
11 Beckerman Institutional, LLC 72,888 $1.89M 3.29% — 2026-06-30
12 UBS Group AG Custodian 58,385 $1.52M 2.63% — 2026-06-30
13 LPL Financial LLC Custodian 47,668 $1.24M 2.15% — 2026-06-30
14 First Trust Advisors LP 41,029 $1.07M 1.85% — 2026-06-30
15 Royal Bank of Canada Custodian 40,125 $1.04M 1.81% — 2026-06-30
16 Bulldog Investors, LLP 39,448 $1.03M 1.78% — 2026-06-30
17 Mezzasalma Advisors, LLC 37,244 $859.60K 1.49% — 2026-09-30
18 Stifel Financial Corp Custodian 29,013 $754.05K 1.31% — 2026-06-30
19 UHLMANN PRICE SECURITIES, LLC 26,293 $683.40K 1.19% — 2026-06-30
20 GABELLI & Co INVESTMENT ADVISERS, INC. 25,700 $667.94K 1.16% — 2026-06-30
21 EVOLVE PRIVATE WEALTH, LLC 20,178 $524.43K 0.91% — 2026-06-30
22 Cetera Investment Advisers Custodian 19,908 $517.42K 0.90% — 2026-06-30
23 Wells Fargo & Company Custodian 19,684 $511.58K 0.89% — 2026-06-30
24 OSAIC HOLDINGS, INC. Custodian 18,781 $488.23K 0.85% — 2026-06-30
25 Envestnet Asset Management, Inc. 16,237 $422.00K 0.73% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

BCV Insider Trading (Form 4)

Latest: 2026-06-02
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-06-02 Anthonie C Vanekris Director Sell (S) −1,150 $23.53 -$27.1K EDGAR
2026-01-07 James Andrew Dinsmore President Buy (P) +220 $21.50 $4.7K EDGAR
2026-01-07 Mario J Gabelli Director Sell (S) −1,300 $22.25 -$28.9K EDGAR
2025-10-21 Mario J Gabelli Director Sell (S) −1,000 $23.43 -$23.4K EDGAR
2024-12-26 Mario J Gabelli Director Sell (S) −1,500 $17.74 -$26.6K EDGAR
2024-08-29 Mario J Gabelli Director Sell (S) −4,000 $16.38 -$65.5K EDGAR
2024-07-31 Mario J Gabelli Director Sell (S) −1,500 $16.31 -$24.5K EDGAR
2024-07-31 Mario J Gabelli Director Sell (S) −4,000 $15.90 -$63.6K EDGAR
2024-04-12 Mario J Gabelli Director Sell (S) −2,000 $15.46 -$30.9K EDGAR
2024-04-01 Mario J Gabelli Director Sell (S) −2,000 $15.90 -$31.8K EDGAR
2024-02-23 John Chester Ball Treasurer Buy (P) +16 $15.71 $251 EDGAR
2024-02-06 Mario J Gabelli Director Sell (S) −2,000 $15.40 -$30.8K EDGAR
2024-01-25 James Andrew Dinsmore President Buy (P) +300 $15.40 $4.6K EDGAR
2024-01-02 Mario J Gabelli Director Sell (S) −1,732 $16.26 -$28.2K EDGAR
2023-12-08 Mario J Gabelli Director Sell (S) −1,000 $15.15 -$15.2K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

BCV Insider Holdings

3 insiders · @ $22.05
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Mario J Gabelli Director 156,700 $3.46M -$2.60M 41 2026-01-07
2 James Andrew Dinsmore President 990 $21.8K $15.7K 4 2026-01-07
3 Anthonie C Vanekris Director 500 $11.0K $15.5K 3 2026-06-02
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
2 ETFs hold BCV
2 shown · $1.47M total exposure · 0.93% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 FCEF First Trust Income Opportunities ETF First Trust 0.93% $743,159 $79.6M 2026-10-20
2 CEFS Saba Closed-End Funds ETF Nport 0.17% $731,265 — 2026-05-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.