Sprott Nickel Miners ETF
NIKL
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 320 Post Road, Suite 230 Darien CT United States of America 6820
- IPO Date
- Mar 22, 2023
- Website
- sprottetfs.com
- Similar Companies
- Business
- Sprott Nickel Miners ETF (Nasdaq: NIKL) is an exchange-traded fund that seeks to provide investment results, before fees and expenses, corresponding generally to the total return performance of the Nasdaq Sprott Nickel Miners™ Index (NSNIKL). The index tracks the performance of a selection of global securities in the nickel industry, including nickel producers, developers and explorers; it emphasizes pure-play nickel mining companies providing a critical material for batteries, energy storage, electric vehicles, stainless steel and AI data center backups. Launched on March 21, 2023, and domiciled in the United States, the ETF is managed by Sprott Asset Management USA, Inc., with ALPS Advisors, Inc. as sub-adviser and ALPS Distributors, Inc. as distributor; its headquarters align with Sprott's operations in Darien, Connecticut. As the only U.S.-listed pure-play nickel ETF, it holds approximately 23 securities, primarily nickel equities weighted by market capitalization with revenue-based selection, including top holdings such as Nickel Industries Ltd., PT Merdeka Battery Materials Tbk, IGO Ltd., Talon Metals Corp. and Magna Mining Inc.; geographic exposure spans Indonesia, Australia, Canada, the Philippines, China and others. The ETF operates in the materials sector, specifically diversified metals and mining with a focus on nickel ores; it targets investors seeking exposure to upstream nickel supply chains amid rising demand from energy transition trends, where nickel demand may increase nearly eightfold by 2050 under net-zero scenarios. Net assets stood at $17.74 million as of December 16, 2025, with a net expense ratio of 0.75% and semi-annual index rebalancing in June and December. Sprott Funds Trust serves as the issuer, part of Sprott Inc.'s global asset management platform specializing in precious metals and critical materials. In recent developments, the ETF maintained stable operations with portfolio characteristics showing 83.29% in nickel equities as of November 30, 2025, alongside a December 2024 ordinary income distribution of $0.37 per share; it continues semi-annual rebalancing, with the latest in December 2025 reflecting ongoing adjustments to global nickel miners amid supply-demand imbalances projected by the International Energy Agency. No major acquisitions, funding rounds or strategic alliances specific to NIKL were announced in the past 1-2 years, though Sprott launched complementary critical materials products like the Silver Miners & Physical Silver ETF reaching $500 million in assets in 2025. Holdings updates include positions in emerging names like NexMetals Mining Corp. and Chalice Mining Ltd., supporting exposure to developers amid EV battery advancements.