Short Interest in Sprott Nickel Miners ETF (NASDAQ:NIKL) Drops By 42.4%

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 92,951 shares, a decrease of 42.4% from the February 26th total of 161,356 shares. Based on an average trading volume of 244,537 shares, the short-interest ratio is currently 0.4 days. Approximately 2.3% of the shares of the stock are sold short.

Institutional Trading of Sprott Nickel Miners ETF

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Sprott Nickel Miners ETF by 2.5% in the 4th quarter. Bank of Montreal Can now owns 59,326 shares of the company’s stock worth $933,000 after buying an additional 1,458 shares in the last quarter. Royal Bank of Canada purchased a new stake in Sprott Nickel Miners ETF in the 4th quarter valued at approximately $27,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Sprott Nickel Miners ETF during the 4th quarter valued at $79,000. Moors & Cabot Inc. acquired a new position in shares of Sprott Nickel Miners ETF in the fourth quarter worth $168,000. Finally, Sprott Inc. acquired a new stake in shares of Sprott Nickel Miners ETF during the fourth quarter valued at $268,000.

Sprott Nickel Miners ETF Trading Up 1.1%

Shares of NASDAQ:NIKL traded up $0.17 on Friday, reaching $15.29. 169,221 shares of the company were exchanged, compared to its average volume of 416,032. Sprott Nickel Miners ETF has a 1-year low of $7.25 and a 1-year high of $21.85. The company has a 50-day moving average of $17.92 and a 200-day moving average of $15.96. The firm has a market cap of $62.38 million, a price-to-earnings ratio of 18.88 and a beta of 0.78.

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.