Pinpoint Asset Management Ltd Sells 63,707 Shares of RLX Technology Inc. (NYSE:RLX)

Pinpoint Asset Management Ltd decreased its position in shares of RLX Technology Inc. (NYSE:RLX) by 19.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 256,432 shares of the company’s stock after selling 63,707 shares during the quarter. Pinpoint Asset Management Ltd’s holdings in RLX Technology were worth $464,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Centiva Capital LP bought a new stake in shares of RLX Technology during the third quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in 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 acquiring an additional 26,220 shares during the period. Profund Advisors LLC bought a new stake in shares of RLX Technology during the 2nd quarter valued at $72,000. Bank of New York Mellon Corp lifted its stake in shares of RLX Technology by 36.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock valued at $73,000 after purchasing an additional 10,596 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of RLX Technology in the 3rd quarter worth $108,000. 22.68% of the stock is currently owned by institutional investors.

RLX Technology Price Performance

RLX Technology stock opened at $1.88 on Wednesday. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $2.25. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 47.01 and a beta of 1.03. The company’s 50 day simple moving average is $1.73 and its 200 day simple moving average is $1.76.

RLX Technology Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.01 dividend. The ex-dividend date is Friday, December 6th. This represents a dividend yield of 0.59%.

RLX Technology Company Profile

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.