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

Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 13,764 shares, an increase of 1,874.7% from the March 31st total of 697 shares. Based on an average trading volume of 4,161 shares, the short-interest ratio is presently 3.3 days. Currently, 2.1% of the shares of the company are sold short.

Institutional Trading of 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 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,390 shares of the company’s stock, valued at approximately $204,000. Flow Traders U.S. LLC owned about 1.42% of Rayliant SMDAM Japan Equity ETF at the end of the most recent reporting period.

Rayliant SMDAM Japan Equity ETF Price Performance

RAYJ stock opened at $37.88 on Friday. The firm’s fifty day simple moving average is $36.64 and its 200-day simple moving average is $35.08. The company has a market capitalization of $24.62 million, a P/E ratio of 20.96 and a beta of 0.93. Rayliant SMDAM Japan Equity ETF has a 12 month low of $27.39 and a 12 month high of $39.22.

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.