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

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 8,400 shares, a decrease of 50.0% from the April 30th total of 16,800 shares. Based on an average daily trading volume, of 45,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Insider Activity

In related news, Portfolio Manager W Whitney George purchased 65,998 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the transaction, the portfolio manager now directly owns 7,866,341 shares of the company's stock, valued at approximately $57,424,289.30. The trade was a 0.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 50.59% of the company's stock.

Institutional Trading of Sprott Focus Trust

Several hedge funds have recently made changes to their positions in FUND. Sapient Capital LLC raised its holdings in Sprott Focus Trust by 3.0% during the fourth quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider's stock worth $597,000 after purchasing an additional 2,345 shares in the last quarter. Hara Capital LLC acquired a new position in Sprott Focus Trust during the fourth quarter worth $582,000. Wolverine Asset Management LLC raised its position in 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 acquiring an additional 52,645 shares in the last quarter. Sprott Inc. lifted its position in shares of Sprott Focus Trust by 2.3% during the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider's stock valued at $108,080,000 after acquiring an additional 327,932 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Sprott Focus Trust during the 4th quarter worth approximately $149,000. Institutional investors and hedge funds own 12.63% of the company's stock.

Sprott Focus Trust Price Performance

Shares of Sprott Focus Trust stock traded up $0.10 during trading hours on Tuesday, hitting $7.33. 98,112 shares of the company were exchanged, compared to its average volume of 43,050. The business has a 50-day moving average of $7.08 and a 200-day moving average of $7.42. Sprott Focus Trust has a 1 year low of $6.21 and a 1 year high of $8.23.

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.