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

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

Insiders Place Their Bets

In other Sprott Focus Trust news, Portfolio Manager W Whitney George purchased 106,939 shares of the company’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $7.27 per share, with a total value of $777,446.53. Following the transaction, the portfolio manager now directly owns 7,813,063 shares in the company, valued at approximately $56,800,968.01. This represents a 1.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 50.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Waverly Advisors LLC bought a new position in Sprott Focus Trust in the 4th quarter worth approximately $79,000. NewEdge Advisors LLC acquired a new stake in shares of Sprott Focus Trust during the 4th quarter worth approximately $82,000. HighTower Advisors LLC acquired a new stake in shares of Sprott Focus Trust during the 4th quarter worth approximately $144,000. Raymond James Financial Inc. acquired a new stake in shares of Sprott Focus Trust during the 4th quarter worth approximately $149,000. Finally, Level Four Advisory Services LLC grew its holdings in shares of Sprott Focus Trust by 9.0% during the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 1,951 shares in the last quarter. 12.63% of the stock is owned by institutional investors.

Sprott Focus Trust Stock Performance

NASDAQ FUND traded down $0.08 during trading on Tuesday, hitting $7.32. The company’s stock had a trading volume of 54,234 shares, compared to its average volume of 35,406. The firm has a 50 day moving average price of $7.54 and a 200 day moving average price of $7.71. Sprott Focus Trust has a 52 week low of $7.21 and a 52 week high of $8.23.

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.