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 significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 50,196 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 195,885 shares, the short-interest ratio is presently 0.3 days. Currently, 3.7% of the company’s shares are short sold.

Sprott Rare Earths Ex-China ETF Stock Performance

Sprott Rare Earths Ex-China ETF stock traded down $0.62 during midday trading on Friday, hitting $21.11. 97,246 shares of the stock were exchanged, compared to its average volume of 179,911. Sprott Rare Earths Ex-China ETF has a fifty-two week low of $20.30 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.