Short Interest in Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Drops By 43.1%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 34,315 shares, a drop of 43.1% from the May 14th total of 60,319 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 114,848 shares, the short-interest ratio is currently 0.3 days.

Sprott Rare Earths Ex-China ETF Stock Performance

NASDAQ REXC opened at $20.39 on Friday. Sprott Rare Earths Ex-China ETF has a 52-week low of $18.64 and a 52-week high of $25.39.

Sprott Rare Earths Ex-China ETF is an exchange-traded fund offered by Sprott that provides investors with targeted exposure to companies involved in the rare earths and critical minerals supply chain outside of China.

The fund is designed to capture companies engaged in exploration, mining, processing, refining, and recycling of rare earth elements and related critical minerals that support technologies such as electric vehicles, renewable energy, defense systems, and electronics.

The ETF’s portfolio is concentrated on equities of producers, development-stage miners, processors and specialty materials companies operating in jurisdictions other than the People’s Republic of China.