Sprott Nickel Miners ETF (NASDAQ:NIKL) Sees Significant Growth in Short Interest

Sprott Nickel Miners ETF (NASDAQ:NIKL) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 29,900 shares, a growth 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 mid-day trading on Wednesday, hitting $11.94. The stock had a trading volume of 8,855 shares, compared to its average volume of 21,656. The firm has a 50-day moving average of $12.58 and a two-hundred day moving average of $12.81. The firm has a market cap of $10.27 million, a P/E ratio of 5.13 and a beta of 0.86. Sprott Nickel Miners ETF has a 12-month low of $11.34 and a 12-month high of $16.27.

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.