Sprott Nickel Miners ETF (NASDAQ:NIKL – Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 145,197 shares, a decrease of 42.1% from the April 15th total of 250,632 shares. Based on an average daily trading volume, of 102,435 shares, the short-interest ratio is currently 1.4 days. Currently, 3.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in NIKL. Jane Street Group LLC acquired a new position in shares of Sprott Nickel Miners ETF during the 2nd quarter worth approximately $725,000. Vanguard Capital Wealth Advisors acquired a new position in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $322,000. CENTRAL TRUST Co acquired a new position in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $353,000. Nwam LLC acquired a new position in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $2,413,000. Finally, Fortis Group Advisors LLC acquired a new position in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $1,746,000.
Sprott Nickel Miners ETF Stock Performance
NIKL traded down $0.66 on Friday, reaching $16.06. The company had a trading volume of 276,576 shares, compared to its average volume of 316,408. Sprott Nickel Miners ETF has a fifty-two week low of $10.08 and a fifty-two week high of $21.85. The stock has a market cap of $71.31 million, a P/E ratio of 18.88 and a beta of 0.89. The company’s fifty day moving average is $16.70 and its 200 day moving average is $16.48.
About Sprott Nickel Miners ETF
The Sprott Nickel Miners ETF (NIKL) is an exchange-traded fund that is based on the Nasdaq Sprott Nickel Miners index. The fund tracks an index of nickel related companies around the globe. Securities are selected based on revenue and weighted by market-cap. NIKL was launched on Mar 21, 2023 and is issued by Sprott.
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