Sprott Nickel Miners ETF (NASDAQ:NIKL) Trading Down 3.7% – Should You Sell?

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

Sprott Nickel Miners ETF Price Performance

The firm has a market cap of $50.11 million, a price-to-earnings ratio of 18.88 and a beta of 0.78. The stock has a 50-day moving average price of $14.64 and a 200 day moving average price of $13.73.

Sprott Nickel Miners ETF Announces Dividend

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

Hedge Funds Weigh In On Sprott Nickel Miners ETF

A hedge fund recently bought a new stake in Sprott Nickel Miners ETF stock. Bank of Montreal Can purchased a new stake in Sprott Nickel Miners ETF (NASDAQ:NIKL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

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.