Sprott Nickel Miners ETF (NASDAQ:NIKL – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,835 shares, a drop of 45.5% from the September 15th total of 7,033 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 35,267 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Sprott Nickel Miners ETF
Institutional investors have recently modified their holdings of the company. Nwam LLC increased its holdings in Sprott Nickel Miners ETF by 4.8% in the 2nd quarter. Nwam LLC now owns 243,505 shares of the company’s stock valued at $3,091,000 after buying an additional 11,250 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the 1st quarter worth about $3,535,000. Extract Advisors LLC bought a new position in Sprott Nickel Miners ETF during the 1st quarter valued at about $2,802,000. Cetera Investment Advisers bought a new position in Sprott Nickel Miners ETF during the 1st quarter valued at about $1,594,000. Finally, Hancock Prospecting Pty Ltd bought a new position in Sprott Nickel Miners ETF during the 4th quarter valued at about $1,101,000.
Sprott Nickel Miners ETF Stock Down 0.6%
NASDAQ NIKL traded down $0.07 during trading on Thursday, hitting $12.11. The company’s stock had a trading volume of 42,191 shares, compared to its average volume of 187,750. Sprott Nickel Miners ETF has a 52 week low of $11.85 and a 52 week high of $21.85. The firm has a market cap of $44.92 million, a P/E ratio of 18.88 and a beta of 0.91. The firm has a 50 day moving average price of $14.15 and a 200 day moving average price of $14.66.
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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