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

Xrp Etf (NASDAQ:XRPI – Get Free Report) was the recipient of a large growth in short interest in 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 sold short. Based on an average trading volume of 216,485 shares, the short-interest ratio is currently 3.3 days.

Institutional Investors Weigh In On Xrp Etf

A hedge fund recently bought a new stake in Xrp Etf stock. Q3 Asset Management bought a new stake in Xrp Etf (NASDAQ:XRPI – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned approximately 0.32% of Xrp Etf as of its most recent SEC filing.

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Xrp Etf Trading Down 3.8%

XRPI stock traded down $0.23 during trading on Monday, reaching $5.85. 91,818 shares of the company’s stock were exchanged, compared to its average volume of 318,597. Xrp Etf has a 1-year low of $5.60 and a 1-year high of $23.53. The company’s fifty day moving average price is $6.86 and its 200-day moving average price is $8.28.

Xrp Etf Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors 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 dividend yield of 2.4%. The ex-dividend date was Wednesday, June 17th.

Xrp Etf Company Profile

(Get Free Report)

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.

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