Sprott Nickel Miners ETF (NASDAQ:NIKL) Short Interest Up 36,300.0% in April

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 72,800 shares, an increase of 36,300.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 6.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sprott Nickel Miners ETF stock. Sprott Inc. grew its position in Sprott Nickel Miners ETF (NASDAQ:NIKL) by 29.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,482 shares of the company’s stock after purchasing an additional 4,482 shares during the period. Sprott Inc. owned approximately 24.35% of Sprott Nickel Miners ETF worth $373,000 at the end of the most recent quarter.

Sprott Nickel Miners ETF Price Performance

Shares of NIKL stock opened at $13.92 on Friday. Sprott Nickel Miners ETF has a 1-year low of $12.15 and a 1-year high of $23.19. The stock’s fifty day moving average price is $13.00 and its 200 day moving average price is $14.55. The company has a market cap of $5.29 million, a price-to-earnings ratio of 4.95 and a beta of 0.86.

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.