Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC – Get Free Report) shares dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $13.35 and last traded at $13.38. Approximately 5,725 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 10,176 shares. The stock had previously closed at $13.39.
Rayliant Quantamental China Equity ETF Price Performance
The company’s 50-day moving average is $13.98 and its 200-day moving average is $13.38. The firm has a market capitalization of $34.79 million, a price-to-earnings ratio of 10.44 and a beta of 0.43.
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.
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