Xrp Etf (NASDAQ:XRPI) Short Interest Update

Xrp Etf (NASDAQ:XRPI) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 995,641 shares, a growth of 61.7% from the January 29th total of 615,817 shares. Currently, 8.0% of the shares of the company are short sold. Based on an average daily trading volume, of 774,638 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 774,638 shares, the short-interest ratio is presently 1.3 days. Currently, 8.0% of the shares of the company are short sold.

Xrp Etf Price Performance

XRPI stock opened at $7.70 on Monday. Xrp Etf has a 1-year low of $6.50 and a 1-year high of $23.53. The business’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $13.53.

Xrp Etf Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 18th were given a $0.0163 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 2.5%.

Institutional Trading of Xrp Etf

Several hedge funds and other institutional investors have recently modified their holdings of XRPI. Q3 Asset Management acquired a new position in Xrp Etf in the 4th quarter valued at about $430,000. Flow Traders U.S. LLC bought a new position in shares of Xrp Etf during the third quarter worth approximately $1,934,000. Finally, Hurley Capital LLC acquired a new stake in Xrp Etf during the 3rd quarter worth approximately $135,000.

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.