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

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 16,097 shares, a drop of 78.9% from the July 15th total of 76,260 shares. Based on an average daily volume of 72,895 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the shares of the company are short sold.

Sprott Rare Earths Ex-China ETF Stock Performance

NASDAQ REXC traded up $0.20 during trading hours on Thursday, reaching $18.99. 175,676 shares of the company were exchanged, compared to its average volume of 149,548. Sprott Rare Earths Ex-China ETF has a 1 year low of $14.64 and a 1 year high of $25.39. The firm has a 50 day simple moving average of $18.42.

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.