Short Interest in Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Drops By 74.4%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 25,554 shares, a drop of 74.4% from the August 15th total of 99,759 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 161,130 shares, the short-interest ratio is currently 0.2 days.

Sprott Rare Earths Ex-China ETF Stock Down 1.2%

NASDAQ REXC traded down $0.21 on Friday, reaching $16.84. The stock had a trading volume of 55,934 shares, compared to its average volume of 146,532. The company’s fifty day moving average price is $17.68. Sprott Rare Earths Ex-China ETF has a 12-month low of $14.64 and a 12-month 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.