Sprott Nickel Miners ETF (NASDAQ:NIKL) Shares Up 3.8% – Time to Buy?

Sprott Nickel Miners ETF (NASDAQ:NIKL) shares rose 3.8% on Thursday . The stock traded as high as $13.85 and last traded at $13.82. Approximately 256,772 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 290,002 shares. The stock had previously closed at $13.31.

Sprott Nickel Miners ETF Trading Up 3.8%

The company’s fifty day moving average price is $16.21 and its two-hundred day moving average price is $16.60. The firm has a market cap of $61.36 million, a P/E ratio of 18.88 and a beta of 0.79.

Institutional Investors Weigh In On Sprott Nickel Miners ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in shares of Sprott Nickel Miners ETF in the 4th quarter worth about $27,000. AdvisorNet Financial Inc grew its holdings in Sprott Nickel Miners ETF by 921.7% during the 1st quarter. AdvisorNet Financial Inc now owns 3,065 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Sprott Nickel Miners ETF during the 4th quarter worth about $79,000. Moors & Cabot Inc. bought a new stake in Sprott Nickel Miners ETF during the 4th quarter worth about $168,000. Finally, Sprott Inc. bought a new stake in Sprott Nickel Miners ETF during the 4th quarter worth about $268,000.

Sprott Nickel Miners ETF Company Profile

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.