Sprott Nickel Miners ETF (NASDAQ:NIKL) Stock Price Up 0.5% – Here’s What Happened

Sprott Nickel Miners ETF (NASDAQ:NIKL)’s share price traded up 0.5% during trading on Monday. The stock traded as high as $13.41 and last traded at $13.36. 25,866 shares were traded during trading, a decline of 87% from the average session volume of 194,251 shares. The stock had previously closed at $13.29.

Sprott Nickel Miners ETF Stock Down 1.9%

The firm’s fifty day moving average price is $14.19 and its two-hundred day moving average price is $14.76. The stock has a market capitalization of $49.30 million, a PE ratio of 18.88 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nwam LLC raised its stake in Sprott Nickel Miners ETF by 4.8% during the 2nd quarter. Nwam LLC now owns 243,505 shares of the company’s stock valued at $3,091,000 after purchasing an additional 11,250 shares during the period. Militia Capital Management LLC purchased a new stake in Sprott Nickel Miners ETF during the 1st quarter valued at approximately $3,535,000. Extract Advisors LLC bought a new stake in shares of Sprott Nickel Miners ETF during the first quarter valued at approximately $2,802,000. Cetera Investment Advisers bought a new stake in shares of Sprott Nickel Miners ETF during the first quarter valued at approximately $1,594,000. Finally, AdvisorNet Financial Inc lifted its holdings 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 buying an additional 2,765 shares in the last quarter.

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.