Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Stock Short Interest Declines 68.3%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 8,088 shares, a drop of 68.3% from the August 31st total of 25,554 shares. Based on an average daily trading volume, of 89,639 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Sprott Rare Earths Ex-China ETF Trading Down 0.9%

NASDAQ:REXC traded down $0.15 during trading hours on Tuesday, hitting $15.78. 62,742 shares of the company were exchanged, compared to its average volume of 155,831. Sprott Rare Earths Ex-China ETF has a 52-week low of $14.64 and a 52-week high of $25.39. The company’s 50 day moving average is $17.36.

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.