Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Down 72.3% in August

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,862 shares, a decline of 72.3% from the August 15th total of 32,039 shares. Based on an average trading volume of 46,908 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Sprott Nickel Miners ETF Stock Performance

Shares of Sprott Nickel Miners ETF stock traded down $0.01 during trading hours on Friday, hitting $14.79. The company’s stock had a trading volume of 19,187 shares, compared to its average volume of 208,992. Sprott Nickel Miners ETF has a twelve month low of $12.23 and a twelve month high of $21.85. The firm has a fifty day moving average of $13.89 and a 200-day moving average of $15.25. The stock has a market cap of $59.31 million, a price-to-earnings ratio of 18.88 and a beta of 0.88.

Hedge Funds Weigh In On Sprott Nickel Miners ETF

Several institutional investors have recently bought and sold shares of the company. Nwam LLC lifted its position in shares of Sprott Nickel Miners ETF by 4.8% during the second quarter. Nwam LLC now owns 243,505 shares of the company’s stock worth $3,091,000 after purchasing an additional 11,250 shares in the last quarter. Militia Capital Management LLC purchased a new stake in Sprott Nickel Miners ETF during the 1st quarter worth approximately $3,535,000. Extract Advisors LLC acquired a new stake in Sprott Nickel Miners ETF during the 1st quarter worth approximately $2,802,000. Cetera Investment Advisers acquired a new stake in Sprott Nickel Miners ETF during the 1st quarter worth approximately $1,594,000. Finally, AdvisorNet Financial Inc boosted its position in Sprott Nickel Miners ETF by 921.7% in the 1st quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the period.

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.