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

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 6,100 shares, a decrease of 46.5% from the October 31st total of 11,400 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is currently 0.5 days.

Sprott Nickel Miners ETF Price Performance

Shares of NASDAQ:NIKL traded up $0.14 during trading hours on Thursday, hitting $11.96. 80,158 shares of the company’s stock traded hands, compared to its average volume of 22,203. The firm has a market capitalization of $10.28 million, a P/E ratio of 5.13 and a beta of 0.86. The business has a fifty day moving average price of $12.84 and a 200-day moving average price of $13.03. Sprott Nickel Miners ETF has a 1 year low of $11.34 and a 1 year high of $17.42.

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.