Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Short Interest Down 70.2% in January

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 2,068 shares, a decline of 70.2% from the January 15th total of 6,943 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 4,105 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 4,105 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Rayliant SMDAM Japan Equity ETF Stock Performance

Shares of NYSEARCA RAYJ traded up $0.38 during midday trading on Wednesday, reaching $38.21. 2,948 shares of the stock were exchanged, compared to its average volume of 10,348. The stock has a market capitalization of $24.83 million, a P/E ratio of 20.96 and a beta of 0.65. Rayliant SMDAM Japan Equity ETF has a twelve month low of $23.70 and a twelve month high of $38.21. The company has a 50 day simple moving average of $34.30 and a 200 day simple moving average of $33.78.

Rayliant SMDAM Japan Equity ETF Announces Dividend

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

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 purchased a new position in shares of Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

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.