Sprott Nickel Miners ETF (NASDAQ:NIKL) Trading Up 2.2% – What’s Next?

Sprott Nickel Miners ETF (NASDAQ:NIKL) shot up 2.2% on Friday . The company traded as high as $18.66 and last traded at $18.24. 200,609 shares were traded during mid-day trading, a decline of 44% from the average session volume of 359,641 shares. The stock had previously closed at $17.85.

Sprott Nickel Miners ETF Trading Up 2.2%

The company has a fifty day moving average of $17.26 and a 200-day moving average of $16.23. The stock has a market cap of $79.16 million, a PE ratio of 18.88 and a beta of 0.88.

Institutional Trading of Sprott Nickel Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fortis Group Advisors LLC purchased a new position in shares of Sprott Nickel Miners ETF in the fourth quarter valued at approximately $1,746,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Sprott Nickel Miners ETF in the fourth quarter valued at approximately $79,000. Jane Street Group LLC purchased a new stake in Sprott Nickel Miners ETF during the 2nd quarter worth approximately $725,000. Bank of Montreal Can increased its stake in Sprott Nickel Miners ETF by 2.5% during 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 during the period. Finally, Sprott Inc. acquired a new stake in Sprott Nickel Miners ETF during the 4th quarter worth approximately $268,000.

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.