Sprott Nickel Miners ETF (NASDAQ:NIKL – Get Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 145,197 shares, a decrease of 42.1% from the April 15th total of 250,632 shares. Based on an average daily volume of 102,435 shares, the short-interest ratio is presently 1.4 days. Currently, 3.3% of the shares of the company are short sold.
Sprott Nickel Miners ETF Trading Down 3.9%
Shares of NASDAQ:NIKL traded down $0.66 on Friday, reaching $16.06. 276,576 shares of the company’s stock were exchanged, compared to its average volume of 316,408. The company has a fifty day moving average of $16.70 and a 200-day moving average of $16.48. Sprott Nickel Miners ETF has a twelve month low of $10.08 and a twelve month high of $21.85. The company has a market capitalization of $71.31 million, a price-to-earnings ratio of 18.88 and a beta of 0.89.
Institutional Trading of Sprott Nickel Miners ETF
Several large investors have recently made changes to their positions in NIKL. Militia Capital Management LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the 1st quarter worth approximately $3,535,000. Nwam LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $2,413,000. Fortis Group Advisors LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $1,746,000. Cetera Investment Advisers acquired a new stake in shares of Sprott Nickel Miners ETF during the 1st quarter worth approximately $1,594,000. Finally, Hancock Prospecting Pty Ltd acquired a new stake in shares of Sprott Nickel Miners ETF during the 4th quarter worth approximately $1,101,000.
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.
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