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

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

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 Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,390 shares of the company’s stock, valued at approximately $204,000. Flow Traders U.S. LLC owned 1.42% of Rayliant SMDAM Japan Equity ETF at the end of the most recent quarter.

Rayliant SMDAM Japan Equity ETF Stock Down 0.4%

NYSEARCA RAYJ traded down $0.15 during trading hours on Friday, hitting $34.30. 25 shares of the company were exchanged, compared to its average volume of 6,987. Rayliant SMDAM Japan Equity ETF has a 52 week low of $23.70 and a 52 week high of $39.22. The stock has a 50-day moving average price of $36.22 and a 200 day moving average price of $34.59. The stock has a market cap of $22.30 million, a PE ratio of 20.96 and a beta of 0.65.

Rayliant SMDAM Japan Equity ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were issued a dividend of $0.562 per share. 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.