Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Down 70.0% in March

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 900 shares, a decrease of 70.0% from the March 15th total of 3,000 shares. Based on an average trading volume of 32,600 shares, the days-to-cover ratio is presently 0.0 days.

Sprott Focus Trust Stock Down 2.2 %

Shares of FUND stock traded down $0.18 during trading on Wednesday, hitting $7.91. The company had a trading volume of 30,419 shares, compared to its average volume of 32,564. Sprott Focus Trust has a 52 week low of $6.75 and a 52 week high of $8.47. The stock's 50-day moving average is $7.79 and its two-hundred day moving average is $7.62.

Sprott Focus Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.1286 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Sprott Focus Trust's previous quarterly dividend of $0.13. This represents a $0.51 annualized dividend and a yield of 6.50%.

Institutional Investors Weigh In On Sprott Focus Trust

Hedge funds have recently added to or reduced their stakes in the company. Sprott Inc. grew its holdings in shares of Sprott Focus Trust by 3.1% during the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider's stock valued at $915,000 after purchasing an additional 3,397 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Sprott Focus Trust by 23.3% in the fourth quarter. Shaker Financial Services LLC now owns 837,041 shares of the financial services provider's stock worth $6,696,000 after buying an additional 158,107 shares during the period. Sapient Capital LLC bought a new stake in shares of Sprott Focus Trust in the 4th quarter valued at about $753,000. Wolverine Asset Management LLC boosted its holdings in Sprott Focus Trust by 1,015.9% during the 4th quarter. Wolverine Asset Management LLC now owns 58,482 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 53,241 shares during the period. Finally, Blue Bell Private Wealth Management LLC bought a new position in Sprott Focus Trust during the 4th quarter worth approximately $28,000. Institutional investors own 12.63% of the company's stock.

About Sprott Focus Trust

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.