RLX Technology (NYSE:RLX) Sees Large Volume Increase – Here’s What Happened

RLX Technology Inc. (NYSE:RLX) shares saw unusually-strong trading volume on Monday . Approximately 4,532,443 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 4,661,923 shares.The stock last traded at $2.53 and had previously closed at $2.40.

RLX Technology Trading Down 1.9 %

The company has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $1.85. The stock has a market capitalization of $3.81 billion, a PE ratio of 60.64 and a beta of 0.97.

RLX Technology Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, December 6th. RLX Technology’s dividend payout ratio is presently 25.01%.

Hedge Funds Weigh In On RLX Technology

Several institutional investors have recently bought and sold shares of the company. Centiva Capital LP purchased a new stake in shares of RLX Technology in the third quarter valued at about $29,000. Janney Montgomery Scott LLC acquired a new stake in RLX Technology in the fourth quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in RLX Technology in the 4th quarter valued at approximately $42,000. Catalina Capital Group LLC acquired a new position in RLX Technology during the 4th quarter worth approximately $63,000. Finally, Blue Trust Inc. raised its stake in shares of RLX Technology by 284.8% during the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after buying an additional 26,220 shares in the last quarter. 22.68% of the stock is owned by institutional investors and hedge funds.

About RLX Technology

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.