Xrp Etf to Issue Monthly Dividend of $0.01 (NASDAQ:XRPI)

Xrp Etf (NASDAQ:XRPI) declared a monthly dividend on Tuesday, May 19th, NASDAQ Dividends reports. Stockholders of record on Wednesday, May 20th will be paid a dividend of 0.0135 per share on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th.

Xrp Etf Stock Performance

Shares of NASDAQ XRPI traded up $0.06 during midday trading on Wednesday, hitting $7.63. 95,155 shares of the company’s stock were exchanged, compared to its average volume of 366,860. Xrp Etf has a 12 month low of $6.50 and a 12 month high of $23.53. The company’s 50 day moving average price is $7.89 and its 200 day moving average price is $9.91.

About Xrp Etf

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.