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

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

Xrp Etf Stock Performance

Shares of XRPI traded down $0.23 during midday trading on Monday, hitting $5.85. 91,818 shares of the stock traded hands, compared to its average volume of 318,597. The business’s 50 day moving average price is $6.86 and its two-hundred day moving average price is $8.28. Xrp Etf has a 1-year low of $5.60 and a 1-year high of $23.53.

Xrp Etf Cuts Dividend

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

Institutional Inflows and Outflows

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

Xrp Etf Company Profile

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.