Short Interest in Sprott Focus Trust, Inc. (NASDAQ:FUND) Expands By 117.9%

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 25,500 shares, an increase of 117.9% from the October 31st total of 11,700 shares. Based on an average daily volume of 43,200 shares, the days-to-cover ratio is currently 0.6 days.

Insider Activity

In other Sprott Focus Trust news, Portfolio Manager W Whitney George sold 26,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.58, for a total transaction of $197,080.00. Following the completion of the sale, the portfolio manager now directly owns 321,114 shares in the company, valued at approximately $2,434,044.12. This trade represents a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 50.59% of the company’s stock.

Institutional Investors Weigh In On Sprott Focus Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC grew its stake in shares of Sprott Focus Trust by 392.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after buying an additional 50,485 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Sprott Focus Trust by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 3,028 shares in the last quarter. Wolverine Asset Management LLC grew its position in Sprott Focus Trust by 4.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after purchasing an additional 6,198 shares during the period. Sanctuary Advisors LLC bought a new stake in Sprott Focus Trust during the 2nd quarter valued at $1,226,000. Finally, Cetera Advisors LLC acquired a new position in Sprott Focus Trust during the first quarter worth $1,867,000. 12.63% of the stock is owned by institutional investors.

Sprott Focus Trust Trading Up 0.6 %

FUND stock traded up $0.05 during mid-day trading on Thursday, reaching $8.09. The company’s stock had a trading volume of 22,393 shares, compared to its average volume of 33,003. Sprott Focus Trust has a 12 month low of $7.25 and a 12 month high of $8.13. The business’s 50 day moving average price is $7.82 and its 200 day moving average price is $7.75.

Sprott Focus Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.1301 per share. The ex-dividend date was Monday, September 16th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 6.43%.

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.