Xrp Etf (NASDAQ:XRPI) Plans Dividend Increase – $0.02 Per Share

Xrp Etf (NASDAQ:XRPI) declared a monthly dividend on Tuesday, April 21st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 22nd will be given a dividend of 0.0152 per share on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. This is a 12.6% increase from Xrp Etf’s previous monthly dividend of $0.01.

Xrp Etf Stock Performance

Shares of XRPI stock traded up $0.12 on Wednesday, reaching $8.09. The stock had a trading volume of 168,812 shares, compared to its average volume of 413,058. Xrp Etf has a 1 year low of $6.50 and a 1 year high of $23.53. The company has a 50 day simple moving average of $7.91 and a 200 day simple moving average of $10.87.

Hedge Funds Weigh In On Xrp Etf

A number of institutional investors and hedge funds have recently modified their holdings of XRPI. Hurley Capital LLC bought a new position in Xrp Etf in the 3rd quarter worth $135,000. Q3 Asset Management bought a new position in Xrp Etf in the 4th quarter worth $430,000. Finally, Flow Traders U.S. LLC bought a new position in Xrp Etf in the 3rd quarter worth $1,934,000.

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.