Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Shares Up 0.5% – Time to Buy?

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC)’s stock price shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $18.10 and last traded at $18.09. 2,706 shares traded hands during trading, a decline of 49% from the average session volume of 5,299 shares. The stock had previously closed at $18.00.

Rayliant Quantamental China Equity ETF Stock Up 0.5%

The stock has a market cap of $20.80 million, a P/E ratio of 11.86 and a beta of 0.25. The business has a 50 day moving average price of $18.09 and a two-hundred day moving average price of $18.15.

Rayliant Quantamental China Equity ETF Company Profile

The Rayliant Quantamental China Equity ETF (RAYC) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of Chinese stocks selected and weighted based on a combination of quantitative and fundamental, quantamental, proprietary research. RAYC was launched on Dec 31, 2020 and is managed by Rayliant.