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

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 14,327 shares, a growth of 69.8% from the April 30th total of 8,440 shares. Based on an average trading volume of 17,946 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Sprott Focus Trust

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Sprott Focus Trust during the fourth quarter worth $40,000. Advocate Investing Services LLC acquired a new position in Sprott Focus Trust in the 4th quarter worth $61,000. NewEdge Advisors LLC increased its holdings in 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 in the 4th quarter valued at about $113,000. Finally, Osaic Holdings Inc. raised its stake in shares of Sprott Focus Trust by 203.4% in the 2nd quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 33,815 shares during the period. Institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Trading Down 2.3%

NASDAQ:FUND opened at $10.16 on Thursday. The business’s 50-day simple moving average is $9.95 and its 200-day simple moving average is $9.43. Sprott Focus Trust has a fifty-two week low of $7.34 and a fifty-two week high of $10.44.

Sprott Focus Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be paid a $0.1424 dividend. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 5.6%.

About Sprott Focus Trust

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.