Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Shares Down 4.7% – Here’s Why

Posted by Stephan Jacobs on Dec 11th, 2024

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC – Get Free Report)’s share price was down 4.7% on Tuesday . The company traded as low as $14.91 and last traded at $14.99. Approximately 989,518 shares changed hands during trading, an increase of 5,891% from the average daily volume of 16,516 shares. The stock had previously closed at $15.73.

Rayliant Quantamental China Equity ETF Trading Down 4.7 %

The firm has a market cap of $38.97 million, a P/E ratio of 10.44 and a beta of 0.43. The business’s fifty day moving average price is $15.35 and its two-hundred day moving average price is $14.05.

About Rayliant Quantamental China Equity ETF

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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.