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

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 14,091 shares, a drop of 58.9% from the May 31st total of 34,315 shares. Based on an average trading volume of 114,376 shares, the short-interest ratio is currently 0.1 days. Approximately 1.1% of the shares of the stock are sold short.

Sprott Rare Earths Ex-China ETF Price Performance

NASDAQ REXC traded down $0.45 during midday trading on Monday, hitting $19.07. The company had a trading volume of 33,161 shares, compared to its average volume of 139,227. The business has a 50-day moving average of $21.44. Sprott Rare Earths Ex-China ETF has a twelve month low of $18.64 and a twelve 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.