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

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

Institutional Trading of Xrp Etf

An institutional investor recently bought a new stake in Xrp Etf stock. Q3 Asset Management acquired a new stake in Xrp Etf (NASDAQ:XRPI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned 0.32% of Xrp Etf as of its most recent SEC filing.

Xrp Etf Stock Performance

Shares of Xrp Etf stock traded up $0.06 on Wednesday, hitting $6.19. The stock had a trading volume of 13,588 shares, compared to its average volume of 314,529. The stock has a 50 day moving average of $6.79 and a 200 day moving average of $8.21. Xrp Etf has a twelve month low of $5.60 and a twelve month high of $23.53.

Xrp Etf Cuts Dividend

The firm also recently declared 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 2.3%.

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.