Short Interest in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Drops By 70.2%

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,068 shares, a decrease of 70.2% from the January 15th total of 6,943 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 4,105 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 4,105 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

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 acquired a new position in Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 reporting period.

Rayliant SMDAM Japan Equity ETF Price Performance

NYSEARCA RAYJ traded up $0.38 during trading on Wednesday, reaching $38.21. 2,948 shares of the company’s stock traded hands, compared to its average volume of 10,348. Rayliant SMDAM Japan Equity ETF has a 12-month low of $23.70 and a 12-month high of $38.21. The firm has a market cap of $24.83 million, a price-to-earnings ratio of 20.96 and a beta of 0.65. The company’s 50 day simple moving average is $34.30 and its two-hundred day simple moving average is $33.78.

Rayliant SMDAM Japan Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were paid a dividend of $0.562 per share. This represents a yield of 172.0%. The ex-dividend date was Tuesday, December 30th.

Rayliant SMDAM Japan Equity ETF Company Profile

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.