Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Shares Up 0.5% – Here’s What Happened

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) shares rose 0.5% during mid-day trading on Thursday . The stock traded as high as $18.10 and last traded at $18.09. Approximately 2,706 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 5,109 shares. The stock had previously closed at $18.00.

Rayliant Quantamental China Equity ETF Stock Up 0.5%

The firm has a market capitalization of $20.80 million, a price-to-earnings ratio of 11.86 and a beta of 0.25. The firm’s 50 day moving average is $18.10 and its 200 day moving average is $17.71.

Rayliant Quantamental China Equity ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, November 28th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.3575 per share. This represents a dividend yield of 199.0%. The ex-dividend date was Wednesday, November 26th.

Rayliant Quantamental China Equity ETF Company Profile

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.