Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Update

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,862 shares, a decrease of 72.3% from the August 15th total of 32,039 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 46,908 shares, the short-interest ratio is currently 0.2 days.

Sprott Nickel Miners ETF Price Performance

Shares of NASDAQ:NIKL traded down $0.51 during midday trading on Monday, reaching $14.28. The company had a trading volume of 37,289 shares, compared to its average volume of 208,011. The stock has a market capitalization of $57.26 million, a P/E ratio of 18.88 and a beta of 0.88. Sprott Nickel Miners ETF has a one year low of $12.23 and a one year high of $21.85. The stock’s fifty day moving average price is $13.90 and its 200-day moving average price is $15.19.

Institutional Trading of Sprott Nickel Miners ETF

Institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its stake in Sprott Nickel Miners ETF by 921.7% during the first quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Sprott Nickel Miners ETF during the 4th quarter worth about $79,000. Moors & Cabot Inc. acquired a new stake in Sprott Nickel Miners ETF in the fourth quarter worth approximately $168,000. Hancock Prospecting Pty Ltd bought a new position in Sprott Nickel Miners ETF during the fourth quarter valued at about $1,101,000. Finally, Cetera Investment Advisers bought a new position in shares of Sprott Nickel Miners ETF during the 1st quarter valued at about $1,594,000.

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.