Sprott Nickel Miners ETF (NASDAQ:NIKL – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 12,300 shares, a drop of 79.7% from the February 28th total of 60,600 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is currently 0.5 days.
Sprott Nickel Miners ETF Price Performance
NASDAQ NIKL traded down $0.07 during trading hours on Wednesday, hitting $9.20. 8,308 shares of the company’s stock traded hands, compared to its average volume of 26,135. The company has a market capitalization of $7.36 million, a PE ratio of 19.45 and a beta of 0.34. Sprott Nickel Miners ETF has a 52-week low of $9.06 and a 52-week high of $16.20. The firm’s 50-day moving average is $9.95 and its 200-day moving average is $11.35.
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 acquired a new position in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,113 shares of the company’s stock, valued at approximately $310,000. Sonoma Private Wealth LLC owned about 3.64% of Sprott Nickel Miners ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
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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