Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,900 shares, a growth of 555.6% from the March 31st total of 900 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 0.2 days.
Sprott Focus Trust Trading Down 0.5 %
FUND traded down $0.04 during midday trading on Thursday, reaching $7.65. 21,262 shares of the company’s stock traded hands, compared to its average volume of 31,500. The firm has a fifty day moving average of $7.79 and a two-hundred day moving average of $7.64. Sprott Focus Trust has a 52 week low of $6.75 and a 52 week high of $8.47.
Sprott Focus Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.1286 per share. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.72%.
Institutional Inflows and Outflows
Sprott Focus Trust Company Profile
Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.
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