Short Interest in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Declines By 60.1%

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 900 shares, a drop of 60.1% from the June 30th total of 2,254 shares. Based on an average trading volume of 2,048 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Rayliant SMDAM Japan Equity ETF Stock Performance

Shares of RAYJ opened at $37.44 on Monday. The stock’s 50-day simple moving average is $39.25 and its 200 day simple moving average is $37.56. The stock has a market capitalization of $24.34 million, a price-to-earnings ratio of 20.96 and a beta of 1.06. Rayliant SMDAM Japan Equity ETF has a 52-week low of $31.28 and a 52-week high of $41.91.

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 bought a new position in shares of Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the second quarter, according to the company in its most recent disclosure with the Securities and 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.

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.