Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Update

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 45,536 shares, a growth of 137.8% from the December 15th total of 19,145 shares. Based on an average daily volume of 174,662 shares, the short-interest ratio is presently 0.3 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 174,662 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Sprott Nickel Miners ETF

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Bank of Montreal Can purchased a new stake in Sprott Nickel Miners ETF (NASDAQ:NIKL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,148 shares of the company’s stock, valued at approximately $681,000. Bank of Montreal Can owned 6.06% of Sprott Nickel Miners ETF at the end of the most recent quarter.

Sprott Nickel Miners ETF Price Performance

Shares of NIKL traded up $0.77 during trading hours on Wednesday, hitting $19.47. The stock had a trading volume of 385,741 shares, compared to its average volume of 470,729. Sprott Nickel Miners ETF has a 1-year low of $7.25 and a 1-year high of $19.42. The firm has a market capitalization of $64.05 million, a P/E ratio of 18.88 and a beta of 0.78. The firm has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $13.87.

Sprott Nickel Miners ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were issued a dividend of $0.3975 per share. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 286.0%.

About Sprott Nickel Miners ETF

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.