Short Interest in Canary XRP ETF (NASDAQ:XRPC) Decreases By 49.8%

Canary XRP ETF (NASDAQ:XRPC) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 151,130 shares, a decrease of 49.8% from the April 15th total of 301,046 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 122,604 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XRPC. Millennium Management LLC bought a new position in Canary XRP ETF in the fourth quarter worth approximately $13,452,000. Marex Group plc bought a new position in Canary XRP ETF in the fourth quarter worth approximately $3,371,000. Jain Global LLC bought a new position in Canary XRP ETF in the fourth quarter worth approximately $3,227,000. Gallacher Capital Management LLC bought a new position in Canary XRP ETF in the fourth quarter worth approximately $2,563,000. Finally, Avantax Planning Partners Inc. bought a new position in Canary XRP ETF in the fourth quarter worth approximately $244,000.

Canary XRP ETF Stock Performance

Shares of NASDAQ:XRPC opened at $15.24 on Friday. The business has a 50 day moving average price of $14.89. Canary XRP ETF has a 52-week low of $12.12 and a 52-week 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.