Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Trading Up 0.5% – Time to Buy?

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC)’s share price was up 0.5% during mid-day trading on Wednesday . The company traded as high as $18.10 and last traded at $18.09. Approximately 2,706 shares traded hands during 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 Performance

The business has a fifty day simple moving average of $18.27 and a 200-day simple moving average of $17.03. The stock has a market capitalization of $20.80 million, a P/E ratio of 11.86 and a beta of 0.25.

Rayliant Quantamental China Equity ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, November 28th. Investors of record on Wednesday, November 26th were given a $0.3575 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a yield of 199.0%.

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.