Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Short Interest Update

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 25,554 shares, a decrease of 74.4% from the August 15th total of 99,759 shares. Based on an average daily trading volume, of 161,130 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the shares of the company are short sold.

Sprott Rare Earths Ex-China ETF Trading Down 1.2%

NASDAQ:REXC traded down $0.21 during trading hours on Friday, reaching $16.84. The company had a trading volume of 55,934 shares, compared to its average volume of 146,532. Sprott Rare Earths Ex-China ETF has a 1-year low of $14.64 and a 1-year high of $25.39. The stock has a 50 day moving average price of $17.68.

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.