Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Up 129.4% in October

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 11,700 shares, a growth of 129.4% from the October 15th total of 5,100 shares. Based on an average daily volume of 41,300 shares, the short-interest ratio is currently 0.3 days.

Insider Transactions at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George sold 26,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.58, for a total value of $197,080.00. Following the completion of the transaction, the portfolio manager now directly owns 321,114 shares in the company, valued at approximately $2,434,044.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 50.59% of the company’s stock.

Institutional Investors Weigh In On Sprott Focus Trust

Several institutional investors have recently modified their holdings of FUND. Wolverine Asset Management LLC boosted its holdings in Sprott Focus Trust by 4.8% in the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock worth $1,009,000 after purchasing an additional 6,198 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Sprott Focus Trust by 392.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after buying an additional 50,485 shares during the period. Shaker Financial Services LLC boosted its stake in shares of Sprott Focus Trust by 10.2% in the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock worth $7,466,000 after buying an additional 92,476 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Sprott Focus Trust in the second quarter valued at about $1,226,000. Finally, Cetera Advisors LLC purchased a new position in shares of Sprott Focus Trust during the 1st quarter worth $1,867,000. 12.63% of the stock is owned by hedge funds and other institutional investors.

Sprott Focus Trust Trading Down 0.8 %

Shares of NASDAQ FUND traded down $0.06 during midday trading on Wednesday, hitting $7.92. The stock had a trading volume of 21,147 shares, compared to its average volume of 33,289. The business’s 50 day moving average is $7.74 and its 200-day moving average is $7.74. Sprott Focus Trust has a 52 week low of $7.25 and a 52 week high of $8.12.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.1301 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.52 annualized dividend and a dividend yield of 6.57%. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13.

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.