Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Up 153.6% in January

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 115,491 shares, an increase of 153.6% from the December 31st total of 45,536 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 510,528 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 510,528 shares, the short-interest ratio is presently 0.2 days. Currently, 3.1% of the shares of the company are short sold.

Sprott Nickel Miners ETF Stock Performance

NIKL stock traded up $0.02 on Thursday, reaching $19.60. The company’s stock had a trading volume of 2,227,440 shares, compared to its average volume of 601,567. The firm has a market cap of $77.81 million, a PE ratio of 18.88 and a beta of 0.78. The business has a fifty day simple moving average of $16.07 and a two-hundred day simple moving average of $14.45. Sprott Nickel Miners ETF has a 12-month low of $7.25 and a 12-month high of $21.85.

Sprott Nickel Miners ETF Announces Dividend

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

Institutional Trading of Sprott Nickel Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Capital Wealth Advisors purchased a new position in Sprott Nickel Miners ETF in the fourth quarter valued at approximately $322,000. Bank of Montreal Can purchased a new position in shares of Sprott Nickel Miners ETF in the 2nd quarter worth about $681,000. Finally, Jane Street Group LLC purchased a new position in shares of Sprott Nickel Miners ETF in the second quarter valued at $725,000.

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.