Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Up 68.2% in March

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 36,000 shares, an increase of 68.2% from the February 28th total of 21,400 shares. Based on an average daily trading volume, of 46,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Sprott Focus Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Waverly Advisors LLC acquired a new stake in Sprott Focus Trust in the fourth quarter valued at approximately $79,000. NewEdge Advisors LLC bought a new position in shares of Sprott Focus Trust in the 4th quarter worth $82,000. HighTower Advisors LLC acquired a new stake in Sprott Focus Trust in the 4th quarter valued at $144,000. Raymond James Financial Inc. bought a new stake in Sprott Focus Trust during the 4th quarter valued at $149,000. Finally, Level Four Advisory Services LLC raised its holdings in Sprott Focus Trust by 9.0% during the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider’s stock worth $172,000 after buying an additional 1,951 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

Sprott Focus Trust Trading Down 0.5 %

Shares of NASDAQ FUND traded down $0.04 during mid-day trading on Monday, hitting $7.32. 6,304 shares of the stock traded hands, compared to its average volume of 38,999. The firm has a 50 day simple moving average of $7.52 and a two-hundred day simple moving average of $7.65. Sprott Focus Trust has a twelve month low of $7.15 and a twelve month high of $8.23.

Sprott Focus Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.1305 per share. This represents a $0.52 annualized dividend and a dividend yield of 7.13%. The ex-dividend date was Friday, March 14th.

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.