Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Stock Short Interest Climbs 149.1%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 146,917 shares, a growth of 149.1% from the September 30th total of 58,980 shares. Based on an average daily volume of 158,679 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.8% of the company’s stock are sold short.

Sprott Rare Earths Ex-China ETF Trading Down 7.1%

Shares of REXC stock traded down $0.99 on Friday, hitting $13.04. 70,829 shares of the stock traded hands, compared to its average volume of 153,077. The stock’s fifty day moving average is $15.89. Sprott Rare Earths Ex-China ETF has a 1-year low of $12.26 and a 1-year 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.