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

Sprott Rare Earths Ex-China ETF (NASDAQ:REXCGet Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 50,196 shares, an increase of ∞ from the April 15th total of 0 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 195,885 shares, the short-interest ratio is currently 0.3 days.

Sprott Rare Earths Ex-China ETF Price Performance

Shares of NASDAQ:REXC traded down $0.62 during midday trading on Friday, hitting $21.11. The company’s stock had a trading volume of 97,246 shares, compared to its average volume of 179,911. Sprott Rare Earths Ex-China ETF has a 12-month low of $20.30 and a 12-month 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.

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