Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Shares Shorted: Short Interest Down 68.3% in September

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 8,088 shares, a decline of 68.3% from the August 31st total of 25,554 shares. Based on an average daily volume of 89,639 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Sprott Rare Earths Ex-China ETF Price Performance

Shares of NASDAQ REXC traded down $0.70 during midday trading on Monday, hitting $15.93. 195,194 shares of the stock traded hands, compared to its average volume of 156,583. Sprott Rare Earths Ex-China ETF has a one year low of $14.64 and a one year high of $25.39. The stock has a 50-day moving average price of $17.37.

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.