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

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

Sprott Nickel Miners ETF Price Performance

Sprott Nickel Miners ETF stock traded down $0.01 during trading hours on Friday, hitting $14.79. The company had a trading volume of 19,187 shares, compared to its average volume of 208,992. The firm has a 50-day moving average of $13.89 and a 200 day moving average of $15.25. The firm has a market cap of $59.31 million, a PE ratio of 18.88 and a beta of 0.88. Sprott Nickel Miners ETF has a one year low of $12.23 and a one year high of $21.85.

Hedge Funds Weigh In On Sprott Nickel Miners ETF

A number of large investors have recently made changes to their positions in NIKL. Nwam LLC lifted its holdings in Sprott Nickel Miners ETF by 4.8% during the 2nd quarter. Nwam LLC now owns 243,505 shares of the company’s stock worth $3,091,000 after purchasing an additional 11,250 shares during the last quarter. Militia Capital Management LLC acquired a new position in Sprott Nickel Miners ETF in the 1st quarter valued at $3,535,000. Extract Advisors LLC acquired a new position in Sprott Nickel Miners ETF in the 1st quarter valued at $2,802,000. Cetera Investment Advisers bought a new position in Sprott Nickel Miners ETF during the 1st quarter worth $1,594,000. Finally, AdvisorNet Financial Inc increased its position in Sprott Nickel Miners ETF by 921.7% during the 1st quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock worth $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.