Short Interest in Rayliant Quantitative Developed Market Equity ETF (NYSEARCA:RAYD) Drops By 35.3%

Rayliant Quantitative Developed Market Equity ETF (NYSEARCA:RAYD) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,500 shares, a decline of 35.3% from the August 31st total of 8,500 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rayliant Quantitative Developed Market Equity ETF stock. Flow Traders U.S. LLC boosted its position in shares of Rayliant Quantitative Developed Market Equity ETF (NYSEARCA:RAYD) by 53.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,237 shares of the company’s stock after buying an additional 5,631 shares during the quarter. Flow Traders U.S. LLC owned approximately 0.60% of Rayliant Quantitative Developed Market Equity ETF worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Rayliant Quantitative Developed Market Equity ETF Trading Up 0.2%

Rayliant Quantitative Developed Market Equity ETF stock opened at $38.04 on Tuesday. Rayliant Quantitative Developed Market Equity ETF has a 1-year low of $28.13 and a 1-year high of $38.23. The firm has a 50 day simple moving average of $37.05 and a 200 day simple moving average of $35.03. The firm has a market capitalization of $104.61 million, a price-to-earnings ratio of 20.25 and a beta of 0.90.

Rayliant Quantitative Developed Market Equity ETF Company Profile

The Rayliant Quantitative Developed Market Equity ETF (RAYD) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of developed market equities that are selected and weighted with the aid of quantitative data models. RAYD was launched on Dec 15, 2021 and is managed by Rayliant.