Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC) Shares Down 0.5% – Time to Sell?

Rayliant Quantamental China Equity ETF (NYSEARCA:RAYC)’s stock price dropped 0.5% during trading on Thursday . The company traded as low as $15.22 and last traded at $15.31. Approximately 5,233 shares traded hands during trading, a decline of 55% from the average daily volume of 11,650 shares. The stock had previously closed at $15.39.

Rayliant Quantamental China Equity ETF Stock Performance

The firm has a market capitalization of $39.81 million, a P/E ratio of 10.44 and a beta of 0.43. The firm has a 50 day moving average price of $14.23 and a two-hundred day moving average price of $13.86.

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.