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

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the recipient 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 Performance

FUND stock traded up $0.02 during mid-day trading on Tuesday, reaching $7.72. 50,937 shares of the company’s stock were exchanged, compared to its average volume of 29,321. Sprott Focus Trust has a 12-month low of $6.75 and a 12-month high of $8.11. The stock’s 50 day moving average is $7.75 and its 200 day moving average is $7.74.

Sprott Focus Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.1301 per share. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.74%.

Institutional Investors Weigh In On Sprott Focus Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 9258 Wealth Management LLC acquired a new stake in Sprott Focus Trust in the 1st quarter worth about $87,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Sprott Focus Trust by 392.5% in 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 in the last quarter. Sprott Inc. boosted its stake in shares of Sprott Focus Trust by 3.1% in the fourth quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock worth $915,000 after acquiring an additional 3,397 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of 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 worth $1,009,000 after purchasing an additional 6,198 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Sprott Focus Trust in the 2nd quarter valued at $1,226,000. Hedge funds and other institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Company Profile

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.