Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Short Interest Update

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,943 shares, a growth of 342.8% from the December 31st total of 1,568 shares. Based on an average daily trading volume, of 22,313 shares, the short-interest ratio is presently 0.3 days. Currently, 1.1% of the shares of the company are sold short. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 22,313 shares, the short-interest ratio is presently 0.3 days.

Rayliant SMDAM Japan Equity ETF Stock Down 0.6%

Shares of NYSEARCA:RAYJ traded down $0.20 during midday trading on Friday, reaching $35.03. The company’s stock had a trading volume of 297 shares, compared to its average volume of 13,155. The stock has a fifty day moving average of $34.06 and a 200 day moving average of $33.52. The firm has a market capitalization of $22.77 million, a PE ratio of 20.96 and a beta of 0.65. Rayliant SMDAM Japan Equity ETF has a twelve month low of $23.70 and a twelve month high of $38.00.

Rayliant SMDAM Japan Equity ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $0.562 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 172.0%.

Hedge Funds Weigh In On Rayliant SMDAM Japan Equity ETF

A hedge fund recently bought a new stake in Rayliant SMDAM Japan Equity ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,390 shares of the company’s stock, valued at approximately $204,000. Flow Traders U.S. LLC owned approximately 1.42% of Rayliant SMDAM Japan Equity ETF as of its most recent filing with the Securities & Exchange Commission.

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.