Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Update

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 27,200 shares, a decline of 24.4% from the March 15th total of 36,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 42,900 shares, the short-interest ratio is currently 0.6 days.

Insider Activity

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 65,998 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of $7.30 per share, with a total value of $481,785.40. Following the completion of the purchase, the portfolio manager now owns 7,866,341 shares of the company's stock, valued at approximately $57,424,289.30. This represents a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 50.59% of the company's stock.

Hedge Funds Weigh In On Sprott Focus Trust

A number of large investors have recently added to or reduced their stakes in the business. Sprott Inc. increased its holdings in shares of Sprott Focus Trust by 2.3% in the fourth quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider's stock worth $108,080,000 after buying an additional 327,932 shares during the period. LPL Financial LLC lifted its position in Sprott Focus Trust by 179.0% in the fourth quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider's stock valued at $2,839,000 after purchasing an additional 248,980 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of Sprott Focus Trust during the fourth quarter valued at approximately $582,000. Wolverine Asset Management LLC grew its holdings in shares of Sprott Focus Trust by 38.8% in the fourth quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider's stock worth $1,379,000 after purchasing an additional 52,645 shares during the last quarter. Finally, 1607 Capital Partners LLC increased its stake in shares of Sprott Focus Trust by 20.4% in the fourth quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider's stock worth $2,268,000 after buying an additional 52,590 shares during the period. Hedge funds and other institutional investors own 12.63% of the company's stock.

Sprott Focus Trust Stock Up 0.9 %

Shares of FUND stock traded up $0.06 during trading on Thursday, hitting $7.08. The company had a trading volume of 15,729 shares, compared to its average volume of 37,940. Sprott Focus Trust has a 52 week low of $6.21 and a 52 week high of $8.23. The stock's 50-day moving average is $7.22 and its two-hundred day moving average is $7.55.

Sprott Focus Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.1305 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.37%.

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.