Sprott Rare Earths Ex-China ETF (NASDAQ:REXC – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 25,554 shares, a drop of 74.4% from the August 15th total of 99,759 shares. Based on an average daily volume of 161,130 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the company’s shares are sold short.
Sprott Rare Earths Ex-China ETF Trading Down 3.3%
REXC stock traded down $0.56 during mid-day trading on Monday, reaching $16.28. 90,332 shares of the stock traded hands, compared to its average volume of 145,992. Sprott Rare Earths Ex-China ETF has a 52-week low of $14.64 and a 52-week high of $25.39. The stock has a fifty day moving average of $17.68.
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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