Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) Short Interest Down 43.1% in May

Sprott Rare Earths Ex-China ETF (NASDAQ:REXC) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 34,315 shares, a decrease of 43.1% from the May 14th total of 60,319 shares. Based on an average daily volume of 114,848 shares, the short-interest ratio is currently 0.3 days. Approximately 2.6% of the company’s shares are short sold.

Sprott Rare Earths Ex-China ETF Stock Down 0.3%

Shares of NASDAQ REXC traded down $0.07 during mid-day trading on Tuesday, hitting $20.66. The stock had a trading volume of 16,590 shares, compared to its average volume of 147,345. Sprott Rare Earths Ex-China ETF has a 1 year low of $18.64 and a 1 year 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.