Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Update

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 9,700 shares, a decrease of 62.0% from the November 15th total of 25,500 shares. Based on an average daily volume of 44,000 shares, the short-interest ratio is currently 0.2 days.

Sprott Focus Trust Stock Down 0.4 %

Shares of NASDAQ:FUND traded down $0.03 during trading on Wednesday, hitting $8.13. 52,262 shares of the company traded hands, compared to its average volume of 32,838. Sprott Focus Trust has a one year low of $7.25 and a one year high of $8.23. The business’s fifty day moving average is $7.90 and its 200-day moving average is $7.77.

Sprott Focus Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.2161 per share. The ex-dividend date of this dividend is Friday, December 13th.

Insider Buying and Selling at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George sold 26,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.58, for a total transaction of $197,080.00. Following the sale, the portfolio manager now directly owns 321,114 shares of the company’s stock, valued at approximately $2,434,044.12. This represents a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 50.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its position in shares of Sprott Focus Trust by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 3,301 shares during the period. Captrust Financial Advisors boosted its stake in Sprott Focus Trust by 3.4% during the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after buying an additional 3,028 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Sprott Focus Trust during the second quarter worth about $1,226,000. Blue Bell Private Wealth Management LLC raised its position in 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 worth $474,000 after acquiring an additional 50,485 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in Sprott Focus Trust by 10.2% in the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock valued at $7,466,000 after acquiring an additional 92,476 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors.

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.