Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Short Interest Update

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 99,759 shares, a growth of 519.7% from the July 30th total of 16,097 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 365,803 shares, the short-interest ratio is presently 0.3 days.

Sprott Rare Earths Ex-China ETF Stock Performance

REXC traded down $0.28 on Friday, reaching $18.83. 17,776 shares of the company’s stock were exchanged, compared to its average volume of 150,166. Sprott Rare Earths Ex-China ETF has a twelve month low of $14.64 and a twelve month high of $25.39. The company’s 50 day simple moving average is $18.17.

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.