Short Interest in Sprott Focus Trust, Inc. (NASDAQ:FUND) Declines By 19.7%

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 7,556 shares, a decline of 19.7% from the February 12th total of 9,407 shares. Based on an average trading volume of 27,568 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company's shares are short sold. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 27,568 shares, the short-interest ratio is presently 0.3 days.Get Sprott Focus Trust alerts:Sprott Focus Trust Stock Down 3.6%FUND traded down $0.35 on Friday, reaching $9.36. 23,018 shares of the company's stock were exchanged, compared to its average volume of 30,033. Sprott Focus Trust has a twelve month low of $6.21 and a twelve month high of $10.16. The company's 50 day moving average is $9.56 and its 200-day moving average is $8.80. Sprott Focus Trust Cuts DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.1335 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.53 annualized dividend and a dividend yield of 5.7%. Insider Buying and SellingIn other news, Portfolio Manager W Whitney George sold 17,700 shares of the firm's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $8.85, for a total value of $156,645.00. Following the transaction, the portfolio manager directly owned 306,805 shares in the company, valued at $2,715,224.25. This trade represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought 272,022 shares of company stock worth $2,339,907 in the last ninety days. Corporate insiders own 52.93% of the company's stock. Hedge Funds Weigh In On Sprott Focus TrustSeveral hedge funds and other institutional investors have recently made changes to their positions in the business. Sprott Inc. increased its holdings in Sprott Focus Trust by 1.5% in the 4th quarter. Sprott Inc. now owns 15,450,730 shares of the financial services provider's stock valued at $134,112,000 after purchasing an additional 231,672 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Sprott Focus Trust during the fourth quarter worth about $1,310,000. Royal Bank of Canada lifted its stake in shares of Sprott Focus Trust by 16.7% during the first quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider's stock worth $4,291,000 after purchasing an additional 82,892 shares in the last quarter. LPL Financial LLC boosted its position in shares of Sprott Focus Trust by 18.7% in the fourth quarter. LPL Financial LLC now owns 525,819 shares of the financial services provider's stock worth $4,564,000 after buying an additional 82,782 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Sprott Focus Trust by 203.4% in the second quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider's stock valued at $377,000 after buying an additional 33,815 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company's stock. Sprott Focus Trust Company Profile (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.Featured StoriesFive stocks we like better than Sprott Focus TrustThe gold chart Wall Street is terrified of…Elon Musk already made me a “wealthy man”Silver paying 20% dividend. Plus 68% share gainsUnlocked: Elon Musk’s Next Big IPOA personal warning from Martin Weiss (Please read)This 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. 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