Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Shares Up 2%

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC)’s share price shot up 2% during mid-day trading on Monday . The stock traded as high as $14.27 and last traded at $14.24. 7,029 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 12,222 shares. The stock had previously closed at $13.95.

Rayliant Quantamental China Equity ETF Stock Up 2.0 %

The firm’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $13.25. The firm has a market capitalization of $35.59 million, a PE ratio of 10.09 and a beta of 0.39.

About Rayliant Quantamental China Equity ETF

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.