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

Sprott Focus Trust, Inc. (NASDAQ:FUND) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 4,900 shares, a growth 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 currently 0.2 days.

Sprott Focus Trust Price Performance

NASDAQ FUND traded up $0.02 during trading hours on Tuesday, reaching $7.72. The stock had a trading volume of 50,937 shares, compared to its average volume of 29,321. Sprott Focus Trust has a 52-week low of $6.75 and a 52-week high of $8.11. The stock has a fifty day moving average of $7.75 and a 200 day moving average of $7.74.

Sprott Focus Trust Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. 9258 Wealth Management LLC acquired a new stake in Sprott Focus Trust during the 1st quarter worth about $87,000. Blue Bell Private Wealth Management LLC grew its holdings 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 worth $474,000 after acquiring an additional 50,485 shares during the period. Sprott Inc. raised 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 in the last quarter. Wolverine Asset Management LLC lifted its holdings in Sprott Focus Trust by 4.8% in 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 period. Finally, Sanctuary Advisors LLC acquired a new position in Sprott Focus Trust in the second quarter valued at approximately $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.