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Business Wire (Thu, 4-Apr 8:30 AM ET)
The Rayliant SMDAM Japan Equity ETF (the "Fund") seeks long-term capital appreciation. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of issuers located in Japan. The Fund's sub-adviser, Sumitomo Mitsui DS Asset Management Company, Ltd, doing business as SMDAM (the "SubAdviser" or "SMDAM"), considers an issuer to be located in Japan if it meets one or more of the following criteria (i) the issuer is organized under the laws of, or has its principal office in Japan (ii) the issuer has the primary trading markets for its securities in Japan (iii) the issuer derives at least 50% of its revenue or profits from goods or services sold or performed, or investments made, in Japan or (iv) the issuer has at least 50% of its assets in Japan. For clarity, the Sub-Adviser may rely on only one criterion to determine an issuer's location even if other criteria may indicate a different location. The Fund may invest in securities of companies with any market capitalization with a particular focus on mid- and large-capitalization securities.
Advisors' Inner Circle III Rayliant Smdam Japan Equity ETF trades on the ARCA stock market under the symbol RAYJ.
As of May 10, 2024, RAYJ stock price climbed to $25.00 with 3,168 million shares trading.
RAYJ has a market cap of $0.00. This is considered a Sub-Micro Cap stock.
RAYJ support price is $24.67 and resistance is $25.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RAYJ stock will trade within this expected range on the day.