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

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 76,260 shares, a growth of 429.3% from the June 30th total of 14,408 shares. Based on an average trading volume of 69,732 shares, the short-interest ratio is currently 1.1 days. Approximately 2.6% of the company’s stock are short sold.

Sprott Rare Earths Ex-China ETF Stock Performance

REXC traded down $0.55 during midday trading on Friday, reaching $15.61. The company’s stock had a trading volume of 79,502 shares, compared to its average volume of 122,154. Sprott Rare Earths Ex-China ETF has a 1 year low of $15.55 and a 1 year high of $25.39. The company’s 50-day simple moving average is $19.75.

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.