Sprott Nickel Miners ETF (NIKL) Short Interest Ratio & Short Volume

Short interest is the volume of Sprott Nickel Miners ETF shares that have been sold short but have not yet been closed out or covered. As of October 31st, investors have sold 11,400 shares of NIKL short. Learn More on Sprott Nickel Miners ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. NIKL shares currently have a short interest ratio of 1.0. Learn More on Sprott Nickel Miners ETF's short interest ratio.

Sprott Nickel Miners ETF saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 11,400 shares, an increase of 32.6% from the previous total of 8,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Sprott Nickel Miners ETF: SPAC and New Issue ETF (1.64%), Global X Clean Water ETF (0.12%), Sprott Junior Copper Miners ETF (0.14%), iShares Transition-Enabling Metals ETF (0.13%), Tema Neuroscience and Mental Health ETF (0.16%), Enact Holdings, Inc. (4.80%), iShares ESG MSCI USA Min Vol Factor ETF (0.02%), Short Duration Green Bond ETF (2.28%), Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (0.36%), National Security Emerging Markets Index ETF (0.72%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling NIKL is an investing strategy that aims to generate trading profit from Sprott Nickel Miners ETF as its price is falling. NIKL shares are trading down $0.08 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Sprott Nickel Miners ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of NIKL, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NIKL, twice per month. The most recent reporting period available is October, 31 2024.