Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Down 31.7% in February

Sprott Nickel Miners ETF (NASDAQ:NIKLGet Free Report) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 60,600 shares, a decrease of 31.7% from the February 13th total of 88,700 shares. Approximately 7.6% of the company’s shares are sold short. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Sprott Nickel Miners ETF

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Sonoma Private Wealth LLC bought a new stake in Sprott Nickel Miners ETF (NASDAQ:NIKLFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 Stock Performance

Shares of NASDAQ:NIKL opened at $9.81 on Tuesday. The firm has a market cap of $7.85 million, a PE ratio of 19.45 and a beta of 0.34. The firm’s 50 day simple moving average is $10.10 and its 200-day simple moving average is $11.47. Sprott Nickel Miners ETF has a one year low of $9.06 and a one year high of $16.20.

Sprott Nickel Miners ETF Company Profile

(Get Free Report)

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.

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