**Article:**
The Rayliant SMDAM Japan Equity ETF (NYSEARCA:RAYJ) experienced a substantial increase in short interest during January. As of January 15, the number of shares sold short reached 6,943, marking a 342.8% rise compared to 1,568 shares reported at the end of December. This sharp increase indicates a notable shift in investor sentiment toward the ETF.
The average daily trading volume for RAYJ stands at 22,313 shares, which provides context for the short interest data. The days-to-cover ratio, a measure of how many days it would take for all short positions to be covered based on average trading volume, also reflects this change, though specific figures were not disclosed.
**Why this matters:**
Short interest levels can signal investor expectations about a security’s future performance. A significant rise in short interest may suggest that some investors anticipate a decline in the ETF’s value. Monitoring these trends helps market participants gauge sentiment and potential volatility in the fund.
Source: NewsData