RLX Technology (NYSE:RLX) Hits New 1-Year High – Here’s What Happened

Shares of RLX Technology Inc. (NYSE:RLX) reached a new 52-week high during trading on Saturday . The stock traded as high as $2.37 and last traded at $2.29, with a volume of 8611970 shares traded. The stock had previously closed at $2.20.

RLX Technology Stock Up 3.9 %

The stock’s 50 day moving average price is $1.98 and its two-hundred day moving average price is $1.80.

RLX Technology Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.01 dividend. This represents a yield of 0.59%. The ex-dividend date was Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) is presently 25.01%.

Hedge Funds Weigh In On RLX Technology

Hedge funds have recently bought and sold shares of the business. Centiva Capital LP acquired a new position in RLX Technology during the third quarter valued at approximately $29,000. Janney Montgomery Scott LLC bought a new stake in shares of RLX Technology during the 4th quarter worth $31,000. Blue Trust Inc. increased its stake in shares of RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after purchasing an additional 26,220 shares during the period. Profund Advisors LLC acquired a new position in RLX Technology during the 2nd quarter valued at $72,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of RLX Technology by 36.5% in the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after buying an additional 10,596 shares during the period. 22.68% of the stock is owned by institutional investors and hedge funds.

RLX Technology Company Profile

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.