In trading on Wednesday, shares of RAIT Financial Trust ( RAS) crossed below their 200 day moving average of $7.85, changing hands as low as $7.84 per share. RAIT Financial Trust shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of RAS shares, versus its 200 day moving average:
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Looking at the chart above, RAS's low point in its 52 week range is $6.16 per share, with $9.21 as the 52 week high point — that compares with a last trade of $7.85. According to the ETF Finder at ETF Channel, RAS makes up 1.24% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.3% on the day Wednesday.
