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

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 88,700 shares, a growth 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 presently 4.4 days.

Sprott Nickel Miners ETF Stock Down 2.3 %

NASDAQ:NIKL traded down $0.22 during trading hours on Friday, hitting $9.50. 25,342 shares of the stock traded hands, compared to its average volume of 21,268. The company has a market cap of $7.60 million, a price-to-earnings ratio of 20.92 and a beta of 0.86. Sprott Nickel Miners ETF has a 1 year low of $9.47 and a 1 year high of $16.20. The stock has a 50 day moving average price of $10.35 and a 200 day moving average price of $11.68.

Sprott Nickel Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Nickel Miners ETF

A hedge fund recently bought a new stake in Sprott Nickel Miners ETF stock. Sonoma Private Wealth LLC bought a new position in Sprott Nickel Miners ETF (NASDAQ:NIKL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 29,113 shares of the company’s stock, valued at approximately $310,000. Sonoma Private Wealth LLC owned 3.64% of Sprott Nickel Miners ETF as of its most recent filing with the SEC.

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.