Short Interest in Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Declines By 58.9%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a significant drop in short interest during 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 short sold.

Sprott Rare Earths Ex-China ETF Price Performance

Shares of Sprott Rare Earths Ex-China ETF stock opened at $19.88 on Wednesday. Sprott Rare Earths Ex-China ETF has a 52-week low of $18.64 and a 52-week high of $25.39. The firm has a fifty day simple moving average of $21.36.

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.