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

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 76,260 shares, a growth of 429.3% from the June 30th total of 14,408 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 69,732 shares, the days-to-cover ratio is presently 1.1 days.

Sprott Rare Earths Ex-China ETF Price Performance

Sprott Rare Earths Ex-China ETF stock traded down $0.55 during mid-day trading on Friday, hitting $15.61. 79,502 shares of the company’s stock traded hands, compared to its average volume of 122,154. The company has a 50 day moving average of $19.75. Sprott Rare Earths Ex-China ETF has a fifty-two week low of $15.55 and a fifty-two week 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.