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

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

Sprott Rare Earths Ex-China ETF Stock Performance

NASDAQ:REXC opened at $19.34 on Wednesday. Sprott Rare Earths Ex-China ETF has a one year low of $14.64 and a one year high of $25.39. The stock’s 50 day simple moving average is $18.24.

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.