Sprott Focus Trust, Inc. (NASDAQ:FUND) Sees Significant Decrease in Short Interest

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 9,407 shares, a decrease of 13.8% from the January 29th total of 10,913 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 38,414 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 38,414 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Insider Activity

In other news, Portfolio Manager W Whitney George sold 17,700 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $8.85, for a total transaction of $156,645.00. Following the transaction, the portfolio manager owned 306,805 shares of the company’s stock, valued at approximately $2,715,224.25. This represents a 5.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders bought 272,022 shares of company stock worth $2,339,907. Corporate insiders own 52.93% of the company’s stock.

Institutional Trading of Sprott Focus Trust

Several hedge funds have recently added to or reduced their stakes in FUND. Evolve Private Wealth LLC acquired a new stake in Sprott Focus Trust in the 4th quarter valued at approximately $1,310,000. Captrust Financial Advisors boosted its position in shares of Sprott Focus Trust by 1.6% in the fourth quarter. Captrust Financial Advisors now owns 85,417 shares of the financial services provider’s stock valued at $741,000 after acquiring an additional 1,309 shares during the period. Royal Bank of Canada grew its stake in shares of Sprott Focus Trust by 12.0% in the fourth quarter. Royal Bank of Canada now owns 695,626 shares of the financial services provider’s stock worth $6,038,000 after acquiring an additional 74,664 shares during the last quarter. Militia Capital Partners LP acquired a new stake in shares of Sprott Focus Trust in the fourth quarter worth $113,000. Finally, Kestra Advisory Services LLC bought a new position in Sprott Focus Trust during the fourth quarter worth $40,000. Institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Stock Down 2.3%

NASDAQ FUND opened at $9.81 on Friday. Sprott Focus Trust has a 1 year low of $6.21 and a 1 year high of $10.16. The company has a fifty day simple moving average of $9.44 and a 200 day simple moving average of $8.72.

Sprott Focus Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.1335 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.4%.

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.