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

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 88,700 shares, an increase of 159.4% from the January 31st total of 34,200 shares. Based on an average daily volume of 20,300 shares, the short-interest ratio is currently 4.4 days.

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 purchased a new position in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,113 shares of the company’s stock, valued at approximately $310,000. Sonoma Private Wealth LLC owned approximately 3.64% of Sprott Nickel Miners ETF as of its most recent SEC filing.

Sprott Nickel Miners ETF Trading Down 0.8 %

NASDAQ NIKL opened at $9.72 on Friday. The stock has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $11.70. The stock has a market cap of $7.78 million, a PE ratio of 20.92 and a beta of 0.86. Sprott Nickel Miners ETF has a twelve month low of $9.47 and a twelve month high of $16.20.

Sprott Nickel Miners ETF Announces Dividend

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

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.