Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,900 shares, a growth of 555.6% from the March 31st total of 900 shares. Based on an average trading volume of 28,000 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On Sprott Focus Trust
Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC lifted its stake in Sprott Focus Trust by 266.8% in the first quarter. Blue Bell Private Wealth Management LLC now owns 12,863 shares of the financial services provider’s stock valued at $103,000 after buying an additional 9,356 shares during the period. Sprott Inc. increased its stake in shares of Sprott Focus Trust by 3.1% in the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 3,397 shares in the last quarter. Shaker Financial Services LLC boosted its stake in Sprott Focus Trust by 23.3% during the fourth quarter. Shaker Financial Services LLC now owns 837,041 shares of the financial services provider’s stock worth $6,696,000 after acquiring an additional 158,107 shares in the last quarter. Sapient Capital LLC bought a new position in Sprott Focus Trust during the fourth quarter worth $753,000. Finally, Wolverine Asset Management LLC grew its holdings in Sprott Focus Trust by 1,015.9% in the fourth quarter. Wolverine Asset Management LLC now owns 58,482 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 53,241 shares during the period. Institutional investors own 12.63% of the company’s stock.
Sprott Focus Trust Stock Performance
NASDAQ:FUND traded up $0.02 on Friday, reaching $7.67. 37,728 shares of the stock traded hands, compared to its average volume of 31,563. Sprott Focus Trust has a 1-year low of $6.75 and a 1-year high of $8.47. The company’s 50 day moving average is $7.79 and its 200-day moving average is $7.64.
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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