Sprott Nickel Miners ETF (NASDAQ:NIKL) Shares Shorted: Short Interest Down 45.5% in September

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a significant drop in short interest in 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. Based on an average daily volume of 35,267 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Sprott Nickel Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Nwam LLC boosted its position in Sprott Nickel Miners ETF by 4.8% during the second quarter. Nwam LLC now owns 243,505 shares of the company’s stock worth $3,091,000 after purchasing an additional 11,250 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Sprott Nickel Miners ETF in the 1st quarter valued at about $3,535,000. Extract Advisors LLC acquired a new position in shares of Sprott Nickel Miners ETF during the 1st quarter valued at $2,802,000. Cetera Investment Advisers acquired a new position in shares of Sprott Nickel Miners ETF during the first quarter worth $1,594,000. Finally, AdvisorNet Financial Inc increased its holdings in Sprott Nickel Miners ETF by 921.7% in the first quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the last quarter.

Sprott Nickel Miners ETF Trading Down 6.9%

Shares of NASDAQ NIKL traded down $0.83 during mid-day trading on Friday, reaching $11.28. The company had a trading volume of 89,476 shares, compared to its average volume of 187,276. The firm has a 50 day simple moving average of $14.05 and a two-hundred day simple moving average of $14.61. The stock has a market cap of $41.85 million, a P/E ratio of 18.88 and a beta of 0.91. Sprott Nickel Miners ETF has a 52-week low of $11.27 and a 52-week high of $21.85.

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.