Canary XRP ETF (NASDAQ:XRPC) Stock Short Interest Report for October

Canary XRP ETF (NASDAQ:XRPC) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 53,547 shares, a drop of 80.7% from the September 30th total of 277,415 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 270,207 shares, the days-to-cover ratio is presently 0.2 days.

Canary XRP ETF Stock Performance

Shares of NASDAQ XRPC opened at $13.66 on Thursday. Canary XRP ETF has a fifty-two week low of $10.52 and a fifty-two week high of $26.89. The business has a 50-day moving average of $14.79 and a 200-day moving average of $14.04.

Institutional Trading of Canary XRP ETF

A hedge fund recently bought a new position in Canary XRP ETF stock. Bogart Wealth LLC bought a new position in shares of Canary XRP ETF (NASDAQ:XRPC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,880 shares of the company’s stock, valued at approximately $98,000.

Canary XRP ETF (NASDAQ: XRPC) is an exchange-traded fund listed on the Nasdaq that provides investors with a vehicle for gaining market exposure to XRP, the digital token associated with the Ripple network. As an ETF, XRPC is structured to trade like a stock on an exchange while offering investors exposure to the price movements of the underlying digital asset without requiring direct custody of cryptocurrencies.

The fund’s primary activity is offering exposure to XRP-related returns through holdings and instruments tied to the token.