Sprott Nickel Miners ETF (NASDAQ:NIKL) Stock Price Down 2.6% – Here’s Why

Sprott Nickel Miners ETF (NASDAQ:NIKL) traded down 2.6% on Thursday . The stock traded as low as $14.35 and last traded at $14.38. 849,002 shares traded hands during mid-day trading, an increase of 1,910% from the average session volume of 42,232 shares. The stock had previously closed at $14.76.

Sprott Nickel Miners ETF Trading Down 2.6%

The firm has a fifty day simple moving average of $14.20 and a two-hundred day simple moving average of $12.20. The firm has a market cap of $29.19 million, a PE ratio of 18.88 and a beta of 0.78.

Institutional Investors Weigh In On Sprott Nickel Miners ETF

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Jane Street Group LLC acquired a new position in Sprott Nickel Miners ETF (NASDAQ:NIKL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 61,864 shares of the company’s stock, valued at approximately $725,000. Jane Street Group LLC owned 6.44% of Sprott Nickel Miners ETF as of its most recent filing with the Securities and Exchange Commission.

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.