Short Interest in Xrp Etf (NASDAQ:XRPI) Expands By 327.5%

Xrp Etf (NASDAQ:XRPI) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 233,424 shares, a growth of 327.5% from the May 31st total of 54,607 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 225,786 shares, the days-to-cover ratio is presently 1.0 days.

Xrp Etf Price Performance

Xrp Etf stock opened at $5.76 on Friday. Xrp Etf has a one year low of $5.60 and a one year high of $23.53. The business has a fifty day moving average of $7.26 and a two-hundred day moving average of $8.68.

Xrp Etf Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 17th were issued a $0.0117 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 17th.

Institutional Trading of Xrp Etf

A hedge fund recently bought a new position in Xrp Etf stock. Q3 Asset Management bought a new position in shares of Xrp Etf (NASDAQ:XRPI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned 0.32% of Xrp Etf at the end of the most recent quarter.

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.