Sprott Nickel Miners ETF (NASDAQ:NIKL) Trading Up 4.7% – Still a Buy?

Sprott Nickel Miners ETF (NASDAQ:NIKL)’s stock price shot up 4.7% during trading on Wednesday . The stock traded as high as $16.10 and last traded at $16.08. 84,749 shares traded hands during trading, an increase of 214% from the average session volume of 27,011 shares. The stock had previously closed at $15.36.

Sprott Nickel Miners ETF Stock Up 4.7%

The stock has a market capitalization of $13.02 million, a PE ratio of 18.88 and a beta of 0.53. The company has a 50-day moving average of $13.28 and a 200 day moving average of $11.44.

Institutional Investors Weigh In On Sprott Nickel Miners ETF

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Bank of Montreal Can bought a new position in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,148 shares of the company’s stock, valued at approximately $681,000. Bank of Montreal Can owned approximately 6.06% of Sprott Nickel Miners ETF as of its most recent SEC filing.

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.