Short Interest in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Drops By 55.5%

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

Rayliant SMDAM Japan Equity ETF Price Performance

Shares of NYSEARCA RAYJ opened at $39.83 on Monday. Rayliant SMDAM Japan Equity ETF has a one year low of $30.58 and a one year high of $41.91. The business’s fifty day moving average price is $39.51 and its 200-day moving average price is $36.88. The stock has a market capitalization of $25.89 million, a PE ratio of 20.96 and a beta of 1.08.

Institutional Investors Weigh In On Rayliant SMDAM Japan Equity ETF

A hedge fund recently bought a new position in Rayliant SMDAM Japan Equity ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

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.