Canary XRP ETF (NASDAQ:XRPC) Short Interest Update

Canary XRP ETF (NASDAQ:XRPC) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 96,122 shares, a decrease of 60.6% from the July 15th total of 243,985 shares. Based on an average daily trading volume, of 111,528 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Canary XRP ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XRPC. Gallacher Capital Management LLC acquired a new position in shares of Canary XRP ETF in the 4th quarter valued at $2,563,000. Quaker Wealth Management LLC purchased a new stake in Canary XRP ETF in the 4th quarter valued at about $88,000. Millennium Management LLC purchased a new stake in Canary XRP ETF in the 4th quarter valued at about $13,452,000. Jain Global LLC purchased a new stake in Canary XRP ETF in the 4th quarter valued at about $3,227,000. Finally, Marex Group plc acquired a new position in Canary XRP ETF in the fourth quarter valued at about $3,371,000.

Canary XRP ETF Stock Down 1.1%

XRPC stock opened at $10.60 on Friday. The firm’s 50 day moving average price is $11.62 and its 200-day moving average price is $13.80. Canary XRP ETF has a one year low of $10.52 and a one year high of $26.89.

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.