Short Interest in Sprott Nickel Miners ETF (NASDAQ:NIKL) Rises By 36,300.0%

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 72,800 shares, an increase of 36,300.0% from the March 31st total of 200 shares. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is currently 6.3 days.

Sprott Nickel Miners ETF Price Performance

Shares of NIKL stock opened at $14.19 on Friday. The stock has a market cap of $5.39 million, a PE ratio of 4.95 and a beta of 0.86. The stock has a 50-day moving average of $13.03 and a 200-day moving average of $14.53. Sprott Nickel Miners ETF has a one year low of $12.15 and a one year high of $23.19.

Institutional Trading of Sprott Nickel Miners ETF

An institutional investor recently raised its position in Sprott Nickel Miners ETF stock. Sprott Inc. lifted its holdings in Sprott Nickel Miners ETF (NASDAQ:NIKL) by 29.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,482 shares of the company’s stock after purchasing an additional 4,482 shares during the quarter. Sprott Inc. owned about 24.35% of Sprott Nickel Miners ETF worth $373,000 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.