Short Interest in Sprott Focus Trust, Inc. (NASDAQ:FUND) Grows By 139.5%
by Doug Wharley · The Cerbat GemSprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,911 shares, an increase of 139.5% from the November 30th total of 798 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 26,230 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 26,230 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Insider Transactions at Sprott Focus Trust
In related news, Portfolio Manager W Whitney George purchased 120,070 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were purchased at an average cost of $8.18 per share, for a total transaction of $982,172.60. Following the completion of the acquisition, the portfolio manager owned 3,215,943 shares in the company, valued at approximately $26,306,413.74. This trade represents a 3.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 52.93% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Sprott Focus Trust
Hedge funds and other institutional investors have recently modified their holdings of the business. Sprott Inc. raised its stake in Sprott Focus Trust by 0.9% in the third quarter. Sprott Inc. now owns 15,219,058 shares of the financial services provider’s stock worth $126,429,000 after buying an additional 139,731 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Sprott Focus Trust by 16.7% in the 1st quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock valued at $4,291,000 after acquiring an additional 82,892 shares during the period. Shaker Financial Services LLC raised its position in shares of Sprott Focus Trust by 3.2% in the 3rd quarter. Shaker Financial Services LLC now owns 474,364 shares of the financial services provider’s stock worth $3,942,000 after acquiring an additional 14,663 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Sprott Focus Trust by 19.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 174,865 shares of the financial services provider’s stock worth $1,453,000 after purchasing an additional 28,969 shares during the last quarter. Finally, Hara Capital LLC lifted its stake in shares of Sprott Focus Trust by 2.1% during the 2nd quarter. Hara Capital LLC now owns 69,126 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 1,430 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors.
Sprott Focus Trust Stock Performance
Shares of Sprott Focus Trust stock remained flat at $8.73 during trading on Friday. The stock had a trading volume of 25,652 shares, compared to its average volume of 23,186. The firm’s 50-day moving average is $8.44 and its two-hundred day moving average is $8.11. Sprott Focus Trust has a 1 year low of $6.21 and a 1 year high of $8.95.
Sprott Focus Trust Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 12th will be issued a $0.1911 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.76 annualized dividend and a dividend yield of 8.8%. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.
About Sprott Focus Trust
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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