Short Interest in Sprott Nickel Miners ETF (NASDAQ:NIKL) Drops By 43.0%

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a large decrease in short interest in October. As of October 15th, there was short interest totalling 8,600 shares, a decrease of 43.0% from the September 30th total of 15,100 shares. Based on an average daily trading volume, of 15,700 shares, the short-interest ratio is presently 0.5 days.

Sprott Nickel Miners ETF Stock Performance

Shares of Sprott Nickel Miners ETF stock remained flat at $12.89 during midday trading on Friday. 3,662 shares of the company traded hands, compared to its average volume of 23,358. The business has a 50-day moving average price of $12.78 and a two-hundred day moving average price of $13.30. The stock has a market capitalization of $11.09 million, a PE ratio of 5.13 and a beta of 0.86. Sprott Nickel Miners ETF has a 52-week low of $11.34 and a 52-week high of $18.48.

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.