Short Interest in Sprott Focus Trust, Inc. (NASDAQ:FUND) Decreases By 13.8%

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 9,407 shares, a decrease of 13.8% from the January 29th total of 10,913 shares. Based on an average daily volume of 38,414 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 38,414 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In other Sprott Focus Trust news, Portfolio Manager W Whitney George sold 17,700 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $8.85, for a total value of $156,645.00. Following the sale, the portfolio manager directly owned 306,805 shares in the company, valued at approximately $2,715,224.25. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 272,022 shares of company stock valued at $2,339,907 over the last ninety days. 52.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprott Focus Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Evolve Private Wealth LLC acquired a new stake in Sprott Focus Trust during the 4th quarter worth approximately $1,310,000. Captrust Financial Advisors boosted its holdings in shares of Sprott Focus Trust by 1.6% in the fourth quarter. Captrust Financial Advisors now owns 85,417 shares of the financial services provider’s stock valued at $741,000 after buying an additional 1,309 shares during the period. Royal Bank of Canada increased its position in shares of Sprott Focus Trust by 12.0% during the fourth quarter. Royal Bank of Canada now owns 695,626 shares of the financial services provider’s stock worth $6,038,000 after acquiring an additional 74,664 shares in the last quarter. Militia Capital Partners LP bought a new stake in shares of Sprott Focus Trust during the fourth quarter worth $113,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Sprott Focus Trust during the fourth quarter worth $40,000. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Sprott Focus Trust Stock Performance

Sprott Focus Trust stock traded down $0.14 during mid-day trading on Thursday, hitting $9.90. 12,437 shares of the company’s stock were exchanged, compared to its average volume of 34,419. The company’s 50 day simple moving average is $9.42 and its 200-day simple moving average is $8.72. Sprott Focus Trust has a fifty-two week low of $6.21 and a fifty-two week high of $10.16.

Sprott Focus Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.4%.

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.