Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) 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
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.
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