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

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

Sprott Rare Earths Ex-China ETF Trading Up 2.2%

Sprott Rare Earths Ex-China ETF stock traded up $0.41 during mid-day trading on Friday, hitting $19.40. 170,415 shares of the company’s stock were exchanged, compared to its average volume of 149,797. The company has a 50 day moving average price of $18.41. Sprott Rare Earths Ex-China ETF has a fifty-two week low of $14.64 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.