Sprott Focus Trust, Inc. (NASDAQ:FUND) Sees Large Decrease in Short Interest

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

Sprott Focus Trust Stock Down 0.3%

NASDAQ FUND opened at $7.15 on Monday. Sprott Focus Trust has a 12-month low of $6.21 and a 12-month high of $8.23. The company has a fifty day simple moving average of $7.09 and a two-hundred day simple moving average of $7.43.

Sprott Focus Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.1305 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.30%.

Insider Buying and Selling at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 65,998 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the acquisition, the portfolio manager now owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. This trade represents a 0.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 50.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprott Focus Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Waverly Advisors LLC acquired a new position in Sprott Focus Trust during the fourth quarter worth about $79,000. NewEdge Advisors LLC acquired a new stake in Sprott Focus Trust during the 4th quarter worth approximately $82,000. HighTower Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the fourth quarter worth $144,000. Raymond James Financial Inc. purchased a new position in Sprott Focus Trust in the fourth quarter valued at about $149,000. Finally, Level Four Advisory Services LLC raised its holdings in shares of Sprott Focus Trust by 9.0% during the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock valued at $172,000 after buying an additional 1,951 shares during the period. 12.63% of the stock is owned by hedge funds and other institutional investors.

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.