Short Interest in Sprott Focus Trust, Inc. (NASDAQ:FUND) Drops By 13.8%

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) was the target of 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 shares of the stock are short sold. Based on an average trading volume of 38,414 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 38,414 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.Get Sprott Focus Trust alerts:Sprott Focus Trust Stock PerformanceShares of NASDAQ:FUND traded up $0.04 on Wednesday, reaching $9.95. The company's stock had a trading volume of 14,555 shares, compared to its average volume of 32,020. The company has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $8.71. Sprott Focus Trust has a 52-week low of $6.21 and a 52-week high of $10.16. Insider Activity at Sprott Focus TrustIn other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 173,880 shares of the business's stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average cost of $8.60 per share, with a total value of $1,495,368.00. Following the completion of the acquisition, the portfolio manager owned 3,282,803 shares in the company, valued at $28,232,105.80. This trade represents a 5.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 272,022 shares of company stock worth $2,339,907. 52.93% of the stock is currently owned by corporate insiders. Institutional Investors Weigh In On Sprott Focus TrustA number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUND. Wolverine Asset Management LLC boosted its holdings in shares of Sprott Focus Trust by 79.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 4,025 shares of the financial services provider's stock worth $33,000 after purchasing an additional 1,783 shares during the period. Kestra Advisory Services LLC bought a new stake in Sprott Focus Trust in the fourth quarter worth $40,000. Advocate Investing Services LLC purchased a new position in Sprott Focus Trust during the fourth quarter worth $61,000. NewEdge Advisors LLC boosted its stake in Sprott Focus Trust by 20.5% during the first quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $100,000 after buying an additional 2,300 shares during the period. Finally, Militia Capital Partners LP bought a new position in Sprott Focus Trust during the fourth quarter valued at $113,000. 12.63% of the stock is currently owned by hedge funds and other institutional investors. About Sprott Focus Trust (Get Free Report)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.Further ReadingFive stocks we like better than Sprott Focus TrustCSE: ALEN.U is targeting a fast-growing digital wellness marketNew Copper-Rich “Kraken” Zone DiscoveredAmerica’s 1776 happening againElon did WHAT in 19 days?!Silver's squeeze is tightening - opportunity formingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sprott Focus Trust Right Now?Before you consider Sprott Focus Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sprott Focus Trust wasn't on the list.While Sprott Focus Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here