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

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 5,900 shares, an increase of 555.6% from the March 31st total of 900 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 0.2 days.

Sprott Focus Trust Trading Down 0.5 %

Shares of Sprott Focus Trust stock traded down $0.04 during trading on Thursday, reaching $7.65. 21,262 shares of the stock traded hands, compared to its average volume of 31,500. The business has a fifty day simple moving average of $7.79 and a two-hundred day simple moving average of $7.64. Sprott Focus Trust has a 52-week low of $6.75 and a 52-week high of $8.47.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.1286 per share. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Wednesday, March 13th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Shaker Financial Services LLC grew its position in Sprott Focus Trust by 23.3% in the third quarter. Shaker Financial Services LLC now owns 678,934 shares of the financial services provider’s stock worth $5,112,000 after acquiring an additional 128,100 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Sprott Focus Trust in the third quarter worth about $39,000. AQR Arbitrage LLC purchased a new position in Sprott Focus Trust in the third quarter worth about $87,000. Blue Bell Private Wealth Management LLC purchased a new position in Sprott Focus Trust in the fourth quarter worth about $28,000. Finally, Sapient Capital LLC purchased a new position in Sprott Focus Trust in the fourth quarter worth about $668,000. Hedge funds and other institutional investors own 12.63% of the company’s stock.

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.