Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Up 11.4% in September

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 4,900 shares, an increase of 11.4% from the August 31st total of 4,400 shares. Based on an average daily volume of 28,800 shares, the short-interest ratio is presently 0.2 days.

Sprott Focus Trust Stock Up 0.5 %

Sprott Focus Trust stock traded up $0.04 during mid-day trading on Friday, reaching $7.72. 32,014 shares of the stock traded hands, compared to its average volume of 29,149. 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 is $7.75 and its 200-day moving average is $7.74.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.1301 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date is Monday, September 16th. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Institutional Trading of Sprott Focus Trust

A number of hedge funds have recently bought and sold shares of FUND. 9258 Wealth Management LLC purchased a new stake in Sprott Focus Trust during the first quarter valued at $87,000. Blue Bell Private Wealth Management LLC increased its position in 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 acquiring an additional 50,485 shares during the last quarter. Sprott Inc. increased its position in Sprott Focus Trust by 3.1% during the fourth quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 3,397 shares during the last quarter. Wolverine Asset Management LLC increased its position in Sprott Focus Trust by 4.8% during the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after acquiring an additional 6,198 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Sprott Focus Trust during the second quarter valued at $1,226,000. 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.