Sprott Rare Earths Ex-China ETF (NASDAQ:REXC – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 146,917 shares, an increase of 149.1% from the September 30th total of 58,980 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average trading volume of 158,679 shares, the days-to-cover ratio is presently 0.9 days.
Sprott Rare Earths Ex-China ETF Stock Performance
Shares of REXC traded down $0.99 during mid-day trading on Friday, hitting $13.04. 70,829 shares of the company’s stock were exchanged, compared to its average volume of 153,077. The company has a 50-day moving average of $15.89. Sprott Rare Earths Ex-China ETF has a fifty-two week low of $12.26 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.
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