Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Update

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a significant decrease in short interest during 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 Trading Up 1.2 %

NIKL traded up $0.14 during midday trading on Thursday, hitting $11.96. 80,158 shares of the company were exchanged, compared to its average volume of 22,203. The firm has a market capitalization of $10.28 million, a price-to-earnings ratio of 5.13 and a beta of 0.86. The company’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $13.03. Sprott Nickel Miners ETF has a 1-year low of $11.34 and a 1-year high of $17.42.

About Sprott Nickel Miners ETF

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.