Canary XRP ETF (NASDAQ:XRPC – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 421,519 shares, a growth of 178.9% from the April 30th total of 151,130 shares. Based on an average daily volume of 243,113 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.3% of the company’s shares are sold short.
Canary XRP ETF Trading Up 0.4%
NASDAQ XRPC traded up $0.06 during trading on Friday, hitting $14.02. The company had a trading volume of 219,426 shares, compared to its average volume of 190,193. The stock has a fifty day simple moving average of $14.73. Canary XRP ETF has a one year low of $12.12 and a one year high of $26.89.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Gallacher Capital Management LLC bought a new position in shares of Canary XRP ETF in the 4th quarter worth about $2,563,000. Quaker Wealth Management LLC bought a new position in shares of Canary XRP ETF in the 4th quarter worth about $88,000. Millennium Management LLC bought a new position in shares of Canary XRP ETF in the 4th quarter worth about $13,452,000. Marex Group plc bought a new position in shares of Canary XRP ETF in the 4th quarter worth about $3,371,000. Finally, Jain Global LLC bought a new position in shares of Canary XRP ETF in the 4th quarter worth about $3,227,000.
Canary XRP ETF (NASDAQ: XRPC) is an exchange-traded fund listed on the Nasdaq that provides investors with a vehicle for gaining market exposure to XRP, the digital token associated with the Ripple network. As an ETF, XRPC is structured to trade like a stock on an exchange while offering investors exposure to the price movements of the underlying digital asset without requiring direct custody of cryptocurrencies.
The fund’s primary activity is offering exposure to XRP-related returns through holdings and instruments tied to the token.
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