Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Sees Significant Decrease in Short Interest

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,153 shares, a drop of 55.6% from the February 26th total of 4,848 shares. Based on an average trading volume of 4,655 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Rayliant SMDAM Japan Equity ETF

A hedge fund recently bought a new stake in Rayliant SMDAM Japan Equity ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,390 shares of the company’s stock, valued at approximately $204,000. Flow Traders U.S. LLC owned about 1.42% of Rayliant SMDAM Japan Equity ETF at the end of the most recent quarter.

Rayliant SMDAM Japan Equity ETF Trading Down 1.7%

Shares of RAYJ traded down $0.61 during mid-day trading on Thursday, reaching $34.45. The company’s stock had a trading volume of 713 shares, compared to its average volume of 7,107. The stock has a market cap of $22.39 million, a PE ratio of 20.96 and a beta of 0.65. Rayliant SMDAM Japan Equity ETF has a 52 week low of $23.70 and a 52 week high of $39.22. The company’s fifty day moving average price is $36.24 and its two-hundred day moving average price is $34.58.

Rayliant SMDAM Japan Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a $0.562 dividend. This represents a yield of 172.0%. The ex-dividend date was Tuesday, December 30th.

About Rayliant SMDAM Japan Equity ETF

The Rayliant SMDAM Japan Equity ETF (RAYJ) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in Japanese stocks. The fund targets firms that are perceived to exhibit sustainable earnings growth and sector flexibility RAYJ was launched on Apr 4, 2024 and is issued by Rayliant.