Short Interest in Sprott Nickel Miners ETF (NASDAQ:NIKL) Expands By 153.6%

Sprott Nickel Miners ETF (NASDAQ:NIKL) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 115,491 shares, a growth of 153.6% from the December 31st total of 45,536 shares. Based on an average trading volume of 510,528 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.1% of the shares of the company are sold short. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 510,528 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Sprott Nickel Miners ETF

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors acquired a new position in shares of Sprott Nickel Miners ETF in the fourth quarter valued at $322,000. Bank of Montreal Can acquired a new stake in shares of Sprott Nickel Miners ETF during the 2nd quarter worth about $681,000. Finally, Jane Street Group LLC bought a new stake in shares of Sprott Nickel Miners ETF during the 2nd quarter worth about $725,000.

Sprott Nickel Miners ETF Trading Down 8.1%

Shares of Sprott Nickel Miners ETF stock traded down $1.58 during trading on Friday, hitting $18.02. 843,475 shares of the stock were exchanged, compared to its average volume of 613,802. The company has a fifty day moving average price of $16.30 and a 200-day moving average price of $14.53. The stock has a market capitalization of $71.54 million, a price-to-earnings ratio of 18.88 and a beta of 0.78. Sprott Nickel Miners ETF has a 1-year low of $7.25 and a 1-year high of $21.85.

Sprott Nickel Miners ETF Dividend Announcement

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

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.