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

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) saw 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,048 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rayliant SMDAM Japan Equity ETF stock. Flow Traders U.S. LLC bought a new stake in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent reporting period.

Rayliant SMDAM Japan Equity ETF Price Performance

NYSEARCA:RAYJ opened at $37.44 on Monday. The business’s 50-day moving average price is $39.25 and its two-hundred day moving average price is $37.56. Rayliant SMDAM Japan Equity ETF has a twelve month low of $31.28 and a twelve month high of $41.91. The stock has a market cap of $24.34 million, a P/E ratio of 20.96 and a beta of 1.06.

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.