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

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 60,600 shares, a decline of 31.7% from the February 13th total of 88,700 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is presently 2.5 days. Currently, 7.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Sonoma Private Wealth LLC bought a new position in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 Trading Up 4.1 %

NASDAQ:NIKL opened at $9.81 on Tuesday. The firm has a fifty day simple moving average of $10.10 and a 200-day simple moving average of $11.47. Sprott Nickel Miners ETF has a 12 month low of $9.06 and a 12 month high of $16.20. The company has a market capitalization of $7.85 million, a P/E ratio of 19.45 and a beta of 0.34.

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.