Sprott Nickel Miners ETF (NASDAQ:NIKL) Stock Price Down 0.8% – What’s Next?

Sprott Nickel Miners ETF (NASDAQ:NIKL) was down 0.8% during mid-day trading on Wednesday . The stock traded as low as $8.41 and last traded at $8.47. Approximately 13,660 shares traded hands during trading, a decline of 51% from the average daily volume of 27,987 shares. The stock had previously closed at $8.54.

Sprott Nickel Miners ETF Stock Up 0.7 %

The company has a market cap of $11.00 million, a P/E ratio of 18.78 and a beta of 0.30. The company has a 50 day moving average price of $9.22 and a 200-day moving average price of $10.83.

Institutional Trading of Sprott Nickel Miners ETF

A hedge fund recently bought a new stake in Sprott Nickel Miners ETF stock. Sonoma Private Wealth LLC bought a new position in Sprott Nickel Miners ETF (NASDAQ:NIKL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,113 shares of the company’s stock, valued at approximately $310,000. Sonoma Private Wealth LLC owned 3.64% of Sprott Nickel Miners ETF at the end of the most recent reporting period.

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.