Xrp Etf (NASDAQ:XRPI) Sees Significant Increase in Short Interest

Xrp Etf (NASDAQ:XRPI) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 722,345 shares, a growth of 209.5% from the June 15th total of 233,424 shares. Based on an average trading volume of 216,485 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.9% of the company’s shares are sold short.

Xrp Etf Price Performance

NASDAQ XRPI opened at $5.88 on Tuesday. Xrp Etf has a 1 year low of $5.60 and a 1 year high of $23.53. The business’s 50-day moving average is $6.83 and its 200 day moving average is $8.24.

Xrp Etf Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.0117 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 2.4%.

Institutional Trading of Xrp Etf

A hedge fund recently bought a new position in Xrp Etf stock. Flow Traders U.S. LLC acquired a new stake in shares of Xrp Etf (NASDAQ:XRPI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 111,941 shares of the company’s stock, valued at approximately $1,934,000. Flow Traders U.S. LLC owned 0.84% of Xrp Etf at the end of the most recent quarter.

About Xrp Etf

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.