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

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 38,704 shares, a growth of 210.4% from the June 30th total of 12,468 shares. Based on an average trading volume of 54,215 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Sprott Focus Trust Price Performance

NASDAQ FUND opened at $9.81 on Monday. The firm has a 50-day moving average price of $9.89 and a two-hundred day moving average price of $9.75. Sprott Focus Trust has a 12-month low of $7.50 and a 12-month high of $10.47.

Sprott Focus Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were paid a $0.1424 dividend. This represents a $0.57 annualized dividend and a dividend yield of 5.8%. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, June 12th.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George purchased 71,664 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of $9.63 per share, with a total value of $690,124.32. Following the completion of the transaction, the portfolio manager owned 3,326,193 shares in the company, valued at $32,031,238.59. The trade was a 2.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.93% of the company’s stock.

Institutional Investors Weigh In On Sprott Focus Trust

A number of large investors have recently added to or reduced their stakes in FUND. Kestra Advisory Services LLC acquired a new position in Sprott Focus Trust in the 4th quarter valued at $40,000. Advocate Investing Services LLC bought a new stake in shares of Sprott Focus Trust during the 4th quarter valued at $61,000. NewEdge Advisors LLC grew its holdings in shares of Sprott Focus Trust by 20.5% during the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 2,300 shares in the last quarter. Militia Capital Partners LP acquired a new stake in shares of Sprott Focus Trust during the 4th quarter worth $113,000. Finally, Osaic Holdings Inc. increased its position in shares of Sprott Focus Trust by 203.4% in the second quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 33,815 shares during the period. Institutional investors and hedge funds own 12.63% of the company’s stock.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.