Xrp Etf (NASDAQ:XRPI) Short Interest Update

Xrp Etf (NASDAQ:XRPI) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 160,652 shares, an increase of 70.9% from the April 30th total of 93,982 shares. Based on an average daily trading volume, of 205,367 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the company’s stock are short sold.

Xrp Etf Stock Performance

Shares of XRPI traded up $0.03 during midday trading on Wednesday, hitting $6.82. 96,325 shares of the company’s stock traded hands, compared to its average volume of 348,538. Xrp Etf has a 1 year low of $6.50 and a 1 year high of $23.53. The firm’s fifty day moving average is $7.76 and its 200-day moving average is $9.49.

Xrp Etf Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 20th were paid a $0.0135 dividend. The ex-dividend date was Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 2.4%.

Institutional Investors Weigh In On Xrp Etf

Several institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in shares of Xrp Etf in the 3rd quarter valued at $1,934,000. Q3 Asset Management acquired a new stake in Xrp Etf during the 4th quarter worth about $430,000. Finally, Hurley Capital LLC acquired a new stake in Xrp Etf during the 3rd quarter worth about $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.