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

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,423 shares, a decrease of 55.5% from the May 31st total of 5,447 shares. Based on an average daily trading volume, of 2,946 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Rayliant SMDAM Japan Equity ETF Stock Performance

NYSEARCA RAYJ traded up $0.49 during trading on Tuesday, reaching $40.22. 1,873 shares of the company traded hands, compared to its average volume of 5,189. The company has a market cap of $26.14 million, a price-to-earnings ratio of 20.96 and a beta of 1.08. Rayliant SMDAM Japan Equity ETF has a 1-year low of $30.58 and a 1-year high of $41.91. The stock’s 50 day moving average price is $39.57 and its two-hundred day moving average price is $36.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rayliant SMDAM Japan Equity ETF stock. Flow Traders U.S. LLC bought a new stake in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,390 shares of the company’s stock, valued at approximately $204,000. Flow Traders U.S. LLC owned approximately 1.42% of Rayliant SMDAM Japan Equity ETF as of its most recent filing with the SEC.

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.