Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) was the recipient of a significant decrease in short interest in 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 daily trading volume, of 32,600 shares, the short-interest ratio is currently 0.0 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FUND. Blue Bell Private Wealth Management LLC bought a new stake in Sprott Focus Trust during the 4th quarter valued at approximately $28,000. Wolverine Asset Management LLC bought a new stake in Sprott Focus Trust during the 3rd quarter valued at approximately $39,000. AQR Arbitrage LLC bought a new stake in Sprott Focus Trust during the 3rd quarter valued at approximately $87,000. Peapack Gladstone Financial Corp bought a new stake in Sprott Focus Trust during the 1st quarter valued at approximately $125,000. Finally, Snowden Capital Advisors LLC raised its stake in Sprott Focus Trust by 14.7% during the 1st quarter. Snowden Capital Advisors LLC now owns 20,797 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 2,665 shares during the period. 12.63% of the stock is owned by hedge funds and other institutional investors.
Sprott Focus Trust Trading Down 2.2 %
Shares of FUND traded down $0.18 during midday trading on Wednesday, hitting $7.91. 30,419 shares of the company traded hands, compared to its average volume of 32,564. Sprott Focus Trust has a one year low of $6.75 and a one year high of $8.47. The stock has a 50-day moving average of $7.78 and a 200-day moving average of $7.62.
Sprott Focus Trust Increases Dividend
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.
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