Short Interest in Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Declines By 58.9%

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 14,091 shares, a decrease of 58.9% from the May 31st total of 34,315 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 114,376 shares, the days-to-cover ratio is currently 0.1 days.

Sprott Rare Earths Ex-China ETF Trading Up 1.3%

REXC traded up $0.26 during midday trading on Tuesday, hitting $19.66. The company had a trading volume of 49,423 shares, compared to its average volume of 138,073. The stock’s 50 day simple moving average is $21.36. Sprott Rare Earths Ex-China ETF has a 52 week low of $18.64 and a 52 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.