Sprott Nickel Miners ETF (NASDAQ:NIKL – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 72,800 shares, an increase of 36,300.0% from the March 31st total of 200 shares. Based on an average daily volume of 11,600 shares, the days-to-cover ratio is presently 6.3 days.
Hedge Funds Weigh In On Sprott Nickel Miners ETF
An institutional investor recently raised its position in Sprott Nickel Miners ETF stock. Sprott Inc. boosted its holdings in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL – Free Report) by 29.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,482 shares of the company’s stock after acquiring an additional 4,482 shares during the quarter. Sprott Inc. owned approximately 24.35% of Sprott Nickel Miners ETF worth $373,000 at the end of the most recent reporting period.
Sprott Nickel Miners ETF Stock Performance
NIKL stock opened at $14.19 on Friday. The stock has a market cap of $5.39 million, a P/E ratio of 4.95 and a beta of 0.86. The firm has a 50 day simple moving average of $13.03 and a 200 day simple moving average of $14.53. Sprott Nickel Miners ETF has a 52 week low of $12.15 and a 52 week high of $23.19.
Sprott Nickel Miners ETF Company Profile
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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