Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Down 42.0% in June

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 8,300 shares, a decrease of 42.0% from the June 15th total of 14,300 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 0.3 days.

Insider Transactions at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George sold 15,621 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $7.39, for a total value of $115,439.19. Following the transaction, the portfolio manager now directly owns 263,151 shares in the company, valued at approximately $1,944,685.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 48.90% of the stock is currently owned by company insiders.

Institutional Trading of Sprott Focus Trust

A number of hedge funds have recently bought and sold shares of FUND. Blue Bell Private Wealth Management LLC bought a new stake in Sprott Focus Trust in the 4th quarter valued at $28,000. Sapient Capital LLC bought a new position in shares of Sprott Focus Trust during the 4th quarter worth about $668,000. Wolverine Asset Management LLC lifted its holdings in shares of Sprott Focus Trust by 1,015.9% during the 4th quarter. Wolverine Asset Management LLC now owns 58,482 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 53,241 shares during the period. Shaker Financial Services LLC lifted its holdings in shares of Sprott Focus Trust by 23.3% during the 4th quarter. Shaker Financial Services LLC now owns 837,041 shares of the financial services provider’s stock worth $6,696,000 after acquiring an additional 158,107 shares during the period. Finally, Sprott Inc. lifted its holdings in shares of Sprott Focus Trust by 3.1% during the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock worth $915,000 after acquiring an additional 3,397 shares during the period. 12.63% of the stock is owned by institutional investors.

Sprott Focus Trust Stock Performance

NASDAQ:FUND traded up $0.11 during midday trading on Friday, reaching $7.85. The stock had a trading volume of 24,448 shares, compared to its average volume of 29,545. Sprott Focus Trust has a 1-year low of $6.75 and a 1-year high of $8.47. The firm’s fifty day simple moving average is $7.66 and its 200-day simple moving average is $7.72.

Sprott Focus Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.1299 dividend. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 6.62%.

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.