Sprott Focus Trust, Inc. (NASDAQ:FUND) Short Interest Up 58.1% in February

Sprott Focus Trust, Inc. (NASDAQ:FUND) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 24,500 shares, a growth of 58.1% from the January 31st total of 15,500 shares. Based on an average daily volume of 42,000 shares, the days-to-cover ratio is presently 0.6 days.

Sprott Focus Trust Price Performance

FUND stock traded down $0.08 during trading on Tuesday, hitting $7.32. The company had a trading volume of 54,234 shares, compared to its average volume of 35,406. The company has a fifty day moving average price of $7.54 and a two-hundred day moving average price of $7.71. Sprott Focus Trust has a fifty-two week low of $7.21 and a fifty-two week high of $8.23.

Insider Transactions at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George acquired 106,939 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of $7.27 per share, with a total value of $777,446.53. Following the acquisition, the portfolio manager now owns 7,813,063 shares of the company’s stock, valued at $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 50.59% of the stock is owned by insiders.

Institutional Trading of Sprott Focus Trust

Several institutional investors have recently bought and sold shares of FUND. Sprott Inc. boosted its stake in Sprott Focus Trust by 2.3% in the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider’s stock valued at $108,080,000 after buying an additional 327,932 shares in the last quarter. LPL Financial LLC boosted its stake in Sprott Focus Trust by 179.0% in the 4th quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider’s stock valued at $2,839,000 after buying an additional 248,980 shares in the last quarter. Hara Capital LLC acquired a new stake in Sprott Focus Trust in the 4th quarter valued at $582,000. Wolverine Asset Management LLC boosted its stake in Sprott Focus Trust by 38.8% in the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock valued at $1,379,000 after buying an additional 52,645 shares in the last quarter. Finally, 1607 Capital Partners LLC boosted its stake in Sprott Focus Trust by 20.4% in the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 52,590 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

Sprott Focus Trust Company Profile

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.