Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Sees Significant Increase in Short Interest

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 50,196 shares, an increase of ∞ from the April 15th total of 0 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily volume of 195,885 shares, the days-to-cover ratio is presently 0.3 days.

Sprott Rare Earths Ex-China ETF Trading Down 2.0%

Shares of NASDAQ REXC traded down $0.43 during mid-day trading on Monday, reaching $20.68. 128,755 shares of the company’s stock were exchanged, compared to its average volume of 177,702. Sprott Rare Earths Ex-China ETF has a 52-week low of $20.30 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.