Sprott Rare Earths Ex-China ETF (NASDAQ:REXC – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 99,759 shares, an increase of 519.7% from the July 30th total of 16,097 shares. Based on an average trading volume of 365,803 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.2% of the company’s shares are short sold.
Sprott Rare Earths Ex-China ETF Trading Up 0.7%
Shares of REXC stock traded up $0.13 during trading hours on Thursday, reaching $19.05. 65,393 shares of the stock were exchanged, compared to its average volume of 151,471. Sprott Rare Earths Ex-China ETF has a 12-month low of $14.64 and a 12-month high of $25.39. The stock’s 50-day moving average is $18.20.
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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