Sprott Nickel Miners ETF (NASDAQ:NIKL) Sees Large Increase in Short Interest

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 29,900 shares, an increase of 390.2% from the November 15th total of 6,100 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is currently 2.2 days.

Sprott Nickel Miners ETF Stock Down 0.3 %

Shares of Sprott Nickel Miners ETF stock traded down $0.03 during trading hours on Wednesday, reaching $11.94. 8,855 shares of the company’s stock were exchanged, compared to its average volume of 21,656. The company has a market capitalization of $10.27 million, a P/E ratio of 5.13 and a beta of 0.86. Sprott Nickel Miners ETF has a 1 year low of $11.34 and a 1 year high of $16.27. The business has a fifty day moving average of $12.58 and a two-hundred day moving average of $12.81.

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.