Sprott Nickel Miners ETF (NASDAQ:NIKL) Trading Down 0.8% – Should You Sell?

Sprott Nickel Miners ETF (NASDAQ:NIKLGet Free Report) fell 0.8% during trading on Wednesday . The company traded as low as $8.41 and last traded at $8.47. 13,660 shares changed hands during trading, a decline of 51% from the average session volume of 27,987 shares. The stock had previously closed at $8.54.

Sprott Nickel Miners ETF Stock Up 0.7 %

The stock has a fifty day moving average of $9.22 and a two-hundred day moving average of $10.83. The stock has a market cap of $11.00 million, a price-to-earnings ratio of 18.78 and a beta of 0.30.

Institutional Investors Weigh In On Sprott Nickel Miners ETF

A hedge fund recently bought a new stake in Sprott Nickel Miners ETF stock. Sonoma Private Wealth LLC purchased a new position in shares of Sprott Nickel Miners ETF (NASDAQ:NIKLFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 29,113 shares of the company’s stock, valued at approximately $310,000. Sonoma Private Wealth LLC owned 3.64% of Sprott Nickel Miners ETF at the end of the most recent quarter.

Sprott Nickel Miners ETF Company Profile

(Get Free Report)

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.

Further Reading

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