Xrp Etf (NASDAQ:XRPI) Short Interest Up 70.9% in May

Xrp Etf (NASDAQ:XRPI) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 160,652 shares, a growth of 70.9% from the April 30th total of 93,982 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 205,367 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hurley Capital LLC purchased a new stake in Xrp Etf in the 3rd quarter worth $135,000. Q3 Asset Management bought a new stake in Xrp Etf during the fourth quarter valued at about $430,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Xrp Etf in the third quarter valued at about $1,934,000.

Xrp Etf Stock Down 1.5%

Shares of NASDAQ:XRPI opened at $6.69 on Thursday. Xrp Etf has a 1-year low of $6.50 and a 1-year high of $23.53. The firm’s 50 day simple moving average is $7.72 and its two-hundred day simple moving average is $9.40.

Xrp Etf Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 20th were given a dividend of $0.0135 per share. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, May 20th.

Xrp Etf Company Profile

Volatility Shares Trust – XRP ETF is a multi-asset mutual fund launched by and managed by Volatility Shares LLC. The fund seeks to invest in various financial instruments like currency and fixed income instruments. For its fixed income portion, it primarily invests in cash, cash-like instruments or high-quality securities. For its currency portion, it invests through derivatives in XRP. The fund uses derivatives such as futures and swaps to create its portfolio. It seeks to invest in XRP futures through a wholly-owned Cayman Islands subsidiary.