Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Stock Short Interest Drops 68.3%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the recipient 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. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 89,639 shares, the short-interest ratio is currently 0.1 days.

Sprott Rare Earths Ex-China ETF Stock Down 0.8%

NASDAQ:REXC traded down $0.13 during trading hours on Friday, reaching $16.63. 178,575 shares of the stock were exchanged, compared to its average volume of 156,289. Sprott Rare Earths Ex-China ETF has a twelve month low of $14.64 and a twelve month high of $25.39. The stock has a 50-day simple moving average 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.