Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Up 30.8% in October

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 5,100 shares, an increase of 30.8% from the September 30th total of 3,900 shares. Based on an average daily trading volume, of 35,900 shares, the short-interest ratio is presently 0.1 days.

Sprott Focus Trust Trading Up 0.5 %

FUND opened at $7.80 on Monday. Sprott Focus Trust has a 12 month low of $6.75 and a 12 month high of $8.11. The business’s 50-day moving average price is $7.73 and its 200-day moving average price is $7.72.

Sprott Focus Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.1301 per share. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Monday, September 16th.

Insider Activity at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.58, for a total value of $197,080.00. Following the completion of the sale, the portfolio manager now directly owns 321,114 shares in the company, valued at approximately $2,434,044.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 50.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprott Focus Trust

Several institutional investors have recently added to or reduced their stakes in the company. 9258 Wealth Management LLC bought a new position in shares of Sprott Focus Trust during the first quarter valued at about $87,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Sprott Focus Trust by 392.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after buying an additional 50,485 shares during the period. Wolverine Asset Management LLC raised its holdings in Sprott Focus Trust by 4.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock worth $1,009,000 after purchasing an additional 6,198 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Sprott Focus Trust during the second quarter valued at about $1,226,000. Finally, Cetera Advisors LLC bought a new position in Sprott Focus Trust in the first quarter worth about $1,867,000. Hedge funds and other institutional investors own 12.63% of the company’s stock.

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.