2x XRP ETF (NASDAQ:XRPT) Trading Up 8.6% – Here’s Why

2x XRP ETF (NASDAQ:XRPT)’s stock price was up 8.6% during mid-day trading on Monday . The stock traded as high as $46.64 and last traded at $46.40. Approximately 55,744 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 311,361 shares. The stock had previously closed at $42.72.

2x XRP ETF Stock Performance

The firm’s 50-day simple moving average is $84.85 and its 200 day simple moving average is $185.75.

2x XRP ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.078 per share. The ex-dividend date was Wednesday, February 18th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in 2x XRP ETF stock. Flow Traders U.S. LLC acquired a new position in 2x XRP ETF (NASDAQ:XRPT) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 172,923 shares of the company’s stock, valued at approximately $2,269,000. Flow Traders U.S. LLC owned approximately 3.87% of 2x XRP ETF as of its most recent SEC filing.

About 2x XRP ETF

Volatility Shares Trust – 2x XRP ETF is an exchange traded fund launched and managed by Volatility Shares LLC. The fund seeks to invest in various financial 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.