Xrp Etf (NASDAQ:XRPI) Short Interest Update

Xrp Etf (NASDAQ:XRPI) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 233,424 shares, a growth of 327.5% from the May 31st total of 54,607 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 225,786 shares, the short-interest ratio is currently 1.0 days.

Xrp Etf Stock Performance

NASDAQ XRPI opened at $5.76 on Monday. The company has a 50-day simple moving average of $7.26 and a two-hundred day simple moving average of $8.66. Xrp Etf has a 12-month low of $5.60 and a 12-month high of $23.53.

Xrp Etf Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 17th were paid a $0.0117 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 17th.

Institutional Investors Weigh In On Xrp Etf

An institutional investor recently bought a new position in Xrp Etf stock. Flow Traders U.S. LLC purchased a new position in Xrp Etf (NASDAQ:XRPI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 111,941 shares of the company’s stock, valued at approximately $1,934,000. Flow Traders U.S. LLC owned 0.84% of Xrp Etf at the end of the most recent reporting period.

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.