Extract Advisors LLC Invests $2.80 Million in Sprott Nickel Miners ETF $NIKL

Extract Advisors LLC acquired a new stake in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 175,000 shares of the company’s stock, valued at approximately $2,802,000. Sprott Nickel Miners ETF accounts for approximately 1.0% of Extract Advisors LLC’s portfolio, making the stock its 17th biggest position. Extract Advisors LLC owned approximately 3.94% of Sprott Nickel Miners ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new position in Sprott Nickel Miners ETF during the fourth quarter valued at approximately $27,000. AdvisorNet Financial Inc increased its stake in shares of Sprott Nickel Miners ETF by 921.7% in the first quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock worth $49,000 after purchasing an additional 2,765 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Sprott Nickel Miners ETF in the fourth quarter worth $79,000. Moors & Cabot Inc. bought a new stake in shares of Sprott Nickel Miners ETF during the 4th quarter valued at $168,000. Finally, Sprott Inc. bought a new stake in shares of Sprott Nickel Miners ETF during the 4th quarter valued at $268,000.

Sprott Nickel Miners ETF Stock Performance

NIKL opened at $12.68 on Tuesday. The stock has a market cap of $50.85 million, a price-to-earnings ratio of 18.88 and a beta of 0.87. The firm’s fifty day moving average is $13.81 and its 200 day moving average is $16.28. Sprott Nickel Miners ETF has a fifty-two week low of $11.55 and a fifty-two 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.