Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Update

by · The Cerbat Gem

Sprott Focus Trust, Inc. (NASDAQ:FUNDGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 10,913 shares, an increase of 76.7% from the January 15th total of 6,175 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 33,131 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 33,131 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Insider Transactions at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 173,880 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $8.60 per share, with a total value of $1,495,368.00. Following the transaction, the portfolio manager owned 3,282,803 shares of the company’s stock, valued at $28,232,105.80. The trade was a 5.59% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have bought 272,022 shares of company stock valued at $2,339,907. Insiders own 52.93% of the company’s stock.

Institutional Investors Weigh In On Sprott Focus Trust

A number of large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC increased its position in shares of Sprott Focus Trust by 79.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 4,025 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,783 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Sprott Focus Trust during the fourth quarter valued at approximately $40,000. Advocate Investing Services LLC purchased a new stake in Sprott Focus Trust during the fourth quarter valued at approximately $61,000. NewEdge Advisors LLC raised its position in Sprott Focus Trust by 20.5% in the first quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 2,300 shares during the period. Finally, Raymond James Financial Inc. raised its position in Sprott Focus Trust by 126.7% in the third quarter. Raymond James Financial Inc. now owns 45,493 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 25,425 shares during the period. 12.63% of the stock is currently owned by institutional investors.

Sprott Focus Trust Price Performance

FUND traded up $0.05 during mid-day trading on Friday, reaching $9.78. 14,075 shares of the company traded hands, compared to its average volume of 35,259. The company’s fifty day moving average price is $9.09 and its 200-day moving average price is $8.52. Sprott Focus Trust has a 52-week low of $6.21 and a 52-week high of $9.96.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were given a dividend of $0.1911 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.8%. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, December 12th.

Sprott Focus Trust Company Profile

(Get Free Report)

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.

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