Sprott Nickel Miners ETF (NASDAQ:NIKL) Stock Price Up 0.9% – Here’s What Happened

Sprott Nickel Miners ETF (NASDAQ:NIKL)’s share price shot up 0.9% during trading on Wednesday . The stock traded as high as $14.57 and last traded at $14.48. Approximately 19,205 shares traded hands during trading, a decline of 91% from the average daily volume of 214,868 shares. The stock had previously closed at $14.35.

Sprott Nickel Miners ETF Stock Down 0.5%

The company has a fifty day moving average of $13.65 and a two-hundred day moving average of $15.40. The stock has a market capitalization of $58.55 million, a price-to-earnings ratio of 18.88 and a beta of 0.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NIKL. Royal Bank of Canada acquired a new position in Sprott Nickel Miners ETF during the 4th quarter worth approximately $27,000. AdvisorNet Financial Inc lifted its holdings in shares of Sprott Nickel Miners ETF by 921.7% in the 1st quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock valued at $49,000 after buying an additional 2,765 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Sprott Nickel Miners ETF in the 4th quarter valued at approximately $79,000. Moors & Cabot Inc. purchased a new stake in shares of Sprott Nickel Miners ETF in the fourth quarter valued at approximately $168,000. Finally, Sprott Inc. purchased a new stake in shares of Sprott Nickel Miners ETF in the fourth quarter valued at approximately $268,000.

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.