Sprott Nickel Miners ETF (NASDAQ:NIKL) Sees Large Growth in Short Interest

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 88,700 shares, an increase of 159.4% from the January 31st total of 34,200 shares. Based on an average trading volume of 20,300 shares, the days-to-cover ratio is currently 4.4 days.

Sprott Nickel Miners ETF Stock Performance

NIKL traded down $0.22 on Friday, hitting $9.50. 25,342 shares of the company were exchanged, compared to its average volume of 21,268. Sprott Nickel Miners ETF has a 12 month low of $9.47 and a 12 month high of $16.20. The stock’s fifty day moving average is $10.35 and its 200-day moving average is $11.68. The company has a market cap of $7.60 million, a PE ratio of 20.92 and a beta of 0.86.

Sprott Nickel Miners ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.3717 per share. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Sonoma Private Wealth LLC acquired a new stake in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,113 shares of the company’s stock, valued at approximately $310,000. Sonoma Private Wealth LLC owned approximately 3.64% of Sprott Nickel Miners ETF at the end of the most recent 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.