Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) Sees Significant Increase in Short Interest

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 1,568 shares, an increase of 593.8% from the December 15th total of 226 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,737 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 1,737 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

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 bought a new position in shares of Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 as of its most recent SEC filing.

Rayliant SMDAM Japan Equity ETF Price Performance

Shares of RAYJ traded up $0.18 during midday trading on Monday, reaching $34.90. The stock had a trading volume of 9,874 shares, compared to its average volume of 6,939. The company has a market capitalization of $16.40 million, a P/E ratio of 20.96 and a beta of 0.65. The firm’s 50 day moving average price is $33.88 and its 200-day moving average price is $33.23. Rayliant SMDAM Japan Equity ETF has a 52 week low of $23.70 and a 52 week high of $38.00.

Rayliant SMDAM Japan Equity ETF Announces Dividend

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