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

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 58,980 shares, an increase of 629.2% from the September 15th total of 8,088 shares. Based on an average trading volume of 240,420 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.1% of the company’s stock are sold short.

Sprott Rare Earths Ex-China ETF Price Performance

Shares of NASDAQ:REXC opened at $14.74 on Friday. Sprott Rare Earths Ex-China ETF has a 52-week low of $14.64 and a 52-week high of $25.39. The firm has a 50-day moving average price of $17.29.

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.