Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Up 164.4% in April

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 250,632 shares, a growth of 164.4% from the March 31st total of 94,794 shares. Based on an average trading volume of 112,008 shares, the days-to-cover ratio is presently 2.2 days. Currently, 5.8% of the company’s stock are sold short.

Sprott Nickel Miners ETF Trading Down 0.6%

Shares of NASDAQ NIKL opened at $17.10 on Friday. The business has a 50-day moving average price of $17.20 and a two-hundred day moving average price of $16.32. The firm has a market capitalization of $75.92 million, a PE ratio of 18.88 and a beta of 0.88. Sprott Nickel Miners ETF has a one year low of $8.99 and a one year high of $21.85.

Institutional Trading of Sprott Nickel Miners ETF

Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in 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 valued at $933,000 after buying an additional 1,458 shares in the last quarter. Royal Bank of Canada acquired a new stake in Sprott Nickel Miners ETF in the 4th quarter valued at $27,000. AdvisorNet Financial Inc boosted its stake in Sprott Nickel Miners ETF by 921.7% in the 1st quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Sprott Nickel Miners ETF in the 4th quarter valued at $79,000. Finally, Moors & Cabot Inc. acquired a new stake in Sprott Nickel Miners ETF in the 4th quarter valued at $168,000.

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.