2x XRP ETF (NASDAQ:XRPT) Short Interest Down 44.4% in June

2x XRP ETF (NASDAQ:XRPT) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 130,392 shares, a drop of 44.4% from the May 31st total of 234,570 shares. Currently, 7.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 164,462 shares, the days-to-cover ratio is currently 0.8 days.

2x XRP ETF Stock Up 2.8%

XRPT traded up $0.61 during trading on Wednesday, reaching $22.37. The stock had a trading volume of 33,320 shares, compared to its average volume of 191,346. The business has a 50-day moving average of $35.52 and a 200-day moving average of $59.48. 2x XRP ETF has a one year low of $20.67 and a one year high of $618.52.

2x XRP ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 17th were issued a $0.0326 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 17th.

About 2x XRP ETF

Volatility Shares Trust – 2x XRP ETF is an exchange traded fund launched and managed by Volatility Shares LLC. The fund seeks to invest in various financial 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.