Sprott Rare Earths Ex-China ETF (NASDAQ:REXC – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 58,980 shares, an increase of 629.2% from the September 15th total of 8,088 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 240,420 shares, the short-interest ratio is currently 0.2 days.
Sprott Rare Earths Ex-China ETF Trading Down 0.3%
Shares of NASDAQ:REXC traded down $0.05 on Friday, hitting $14.74. 72,552 shares of the company were exchanged, compared to its average volume of 155,591. Sprott Rare Earths Ex-China ETF has a 1-year low of $14.64 and a 1-year high of $25.39. The stock has a 50 day moving average price of $17.29.
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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