Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Trading Up 0.5% – Here’s Why

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYCGet Free Report)’s stock price traded up 0.5% on Thursday . The stock traded as high as $18.10 and last traded at $18.09. 2,706 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 5,109 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 price-to-earnings ratio of 11.86 and a beta of 0.25. The company has a 50 day simple moving average of $18.18 and a 200 day simple moving average of $17.40.

Rayliant Quantamental China Equity ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, November 28th. Investors of record on Wednesday, November 26th were given a dividend of $0.3575 per share. This represents a yield of 199.0%. The ex-dividend date was Wednesday, November 26th.

About Rayliant Quantamental China Equity ETF

(Get Free Report)

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.

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