Short Interest in Sprott Focus Trust, Inc. (NASDAQ:FUND) Decreases By 19.7%

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,556 shares, a drop of 19.7% from the February 12th total of 9,407 shares. Based on an average trading volume of 27,568 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 27,568 shares, the short-interest ratio is currently 0.3 days.

Insider Buying and Selling

In related news, Portfolio Manager W Whitney George acquired 173,880 shares of the company’s stock in a transaction on Monday, December 29th. The stock was purchased at an average cost of $8.60 per share, with a total value of $1,495,368.00. Following the acquisition, the portfolio manager directly owned 3,282,803 shares of the company’s stock, valued at approximately $28,232,105.80. The trade was a 5.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 272,022 shares of company stock worth $2,339,907. 52.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprott Focus Trust

Several hedge funds have recently bought and sold shares of FUND. Sprott Inc. raised its position in shares of Sprott Focus Trust by 0.9% in the 3rd quarter. Sprott Inc. now owns 15,219,058 shares of the financial services provider’s stock valued at $126,429,000 after buying an additional 139,731 shares in the last quarter. Shaker Financial Services LLC boosted its position in shares of Sprott Focus Trust by 3.2% during the 3rd quarter. Shaker Financial Services LLC now owns 474,364 shares of the financial services provider’s stock worth $3,942,000 after acquiring an additional 14,663 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Sprott Focus Trust by 19.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 174,865 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 28,969 shares in the last quarter. LPL Financial LLC increased its stake in Sprott Focus Trust by 18.7% in the fourth quarter. LPL Financial LLC now owns 525,819 shares of the financial services provider’s stock valued at $4,564,000 after acquiring an additional 82,782 shares during the last quarter. Finally, Evolve Private Wealth LLC acquired a new position in Sprott Focus Trust during the fourth quarter valued at approximately $1,310,000. 12.63% of the stock is owned by institutional investors.

Sprott Focus Trust Stock Performance

Shares of FUND traded up $0.11 during trading hours on Monday, hitting $9.47. 48,187 shares of the company were exchanged, compared to its average volume of 30,480. Sprott Focus Trust has a fifty-two week low of $6.21 and a fifty-two week high of $10.16. The firm’s fifty day moving average is $9.57 and its 200 day moving average is $8.81.

Sprott Focus Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.1335 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.53 annualized dividend and a yield of 5.6%.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.