Sprott Nickel Miners ETF (NASDAQ:NIKL) Stock Price Up 3.8% – Here’s Why

Sprott Nickel Miners ETF (NASDAQ:NIKL)’s share price rose 3.8% during mid-day trading on Thursday . The stock traded as high as $13.85 and last traded at $13.82. Approximately 256,772 shares traded hands during trading, a decline of 11% from the average daily volume of 290,002 shares. The stock had previously closed at $13.31.

Sprott Nickel Miners ETF Stock Up 2.7%

The stock has a market capitalization of $63.00 million, a price-to-earnings ratio of 18.88 and a beta of 0.79. The company’s 50-day moving average is $16.17 and its 200-day moving average is $16.59.

Institutional Investors Weigh In On Sprott Nickel Miners ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nwam LLC increased its position in Sprott Nickel Miners ETF by 51.4% during the first quarter. Nwam LLC now owns 232,255 shares of the company’s stock worth $3,718,000 after purchasing an additional 78,870 shares during the last quarter. Militia Capital Management LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the first quarter valued at about $3,535,000. Extract Advisors LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the first quarter valued at about $2,802,000. Fortis Group Advisors LLC acquired a new stake in shares of Sprott Nickel Miners ETF during the fourth quarter valued at about $1,746,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Sprott Nickel Miners ETF during the first quarter valued at about $1,594,000.

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.