Short Interest in Xrp Etf (NASDAQ:XRPI) Expands By 68.8%

Xrp Etf (NASDAQ:XRPIGet Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 385,830 shares, a growth of 68.8% from the August 15th total of 228,608 shares. Currently, 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 503,157 shares, the short-interest ratio is presently 0.8 days.

Key Stories Impacting Xrp Etf

Here are the key news stories impacting Xrp Etf this week:

Xrp Etf Stock Up 9.1%

Shares of Xrp Etf stock opened at $7.66 on Friday. Xrp Etf has a 1 year low of $5.42 and a 1 year high of $18.77. The business has a fifty day simple moving average of $6.58 and a two-hundred day simple moving average of $7.07.

Xrp Etf Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 19th were issued a $0.01 dividend. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 19th.

Xrp Etf Company Profile

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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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