Sprott Nickel Miners ETF (NASDAQ:NIKL) Stock Price Down 3.7% – Here’s What Happened

Sprott Nickel Miners ETF (NASDAQ:NIKL)’s share price was down 3.7% during trading on Thursday . The stock traded as low as $17.52 and last traded at $17.69. Approximately 454,048 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 591,869 shares. The stock had previously closed at $18.37.

Sprott Nickel Miners ETF Stock Performance

The firm’s 50-day moving average price is $14.56 and its two-hundred day moving average price is $13.68. The firm has a market cap of $36.44 million, a PE ratio of 18.88 and a beta of 0.78.

Sprott Nickel Miners ETF Announces Dividend

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

Institutional Trading of Sprott Nickel Miners ETF

An institutional investor recently bought a new position in Sprott Nickel Miners ETF stock. Bank of Montreal Can purchased a new position in shares of Sprott Nickel Miners ETF (NASDAQ:NIKL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 58,148 shares of the company’s stock, valued at approximately $681,000. Bank of Montreal Can owned about 6.06% of Sprott Nickel Miners ETF as of its most recent SEC filing.

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.