2x XRP ETF (NASDAQ:XRPT – Get Free Report) saw a large drop in short interest in the month of 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 company’s shares are sold short. Based on an average daily volume of 164,462 shares, the days-to-cover ratio is presently 0.8 days.
2x XRP ETF Stock Performance
NASDAQ XRPT traded up $0.61 during trading on Wednesday, hitting $22.37. 33,320 shares of the company’s stock traded hands, compared to its average volume of 191,346. The stock has a fifty day moving average of $35.52 and a two-hundred day moving average of $59.48. 2x XRP ETF has a 12-month low of $20.67 and a 12-month high of $618.52.
2x 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 $0.0326 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 17th.
2x XRP ETF Company Profile
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.
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