Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Short Interest Update

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 6,752 shares, a drop of 50.9% from the April 15th total of 13,764 shares. Based on an average daily trading volume, of 3,747 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On 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 stake in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) in the second quarter, according to its most recent 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 filing with the Securities & Exchange Commission.

Rayliant SMDAM Japan Equity ETF Price Performance

Rayliant SMDAM Japan Equity ETF stock traded down $1.09 during midday trading on Friday, reaching $39.45. The company’s stock had a trading volume of 9,986 shares, compared to its average volume of 5,988. The stock’s 50-day simple moving average is $37.03 and its 200-day simple moving average is $35.67. Rayliant SMDAM Japan Equity ETF has a 52-week low of $28.86 and a 52-week high of $41.68. The stock has a market capitalization of $25.64 million, a P/E ratio of 20.96 and a beta of 1.08.

Rayliant SMDAM Japan Equity ETF Company Profile

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.