Short Interest in Xrp Etf (NASDAQ:XRPI) Declines By 66.0%

Xrp Etf (NASDAQ:XRPI) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 54,607 shares, a decline of 66.0% from the May 14th total of 160,652 shares. Based on an average daily volume of 158,158 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Xrp Etf

Several hedge funds have recently bought and sold shares of the stock. Hurley Capital LLC bought a new stake in Xrp Etf during the third quarter valued at approximately $135,000. Q3 Asset Management bought a new stake in Xrp Etf during the fourth quarter valued at approximately $430,000. Finally, Flow Traders U.S. LLC bought a new stake in Xrp Etf during the third quarter valued at approximately $1,934,000.

Xrp Etf Price Performance

NASDAQ:XRPI traded down $0.06 during trading hours on Friday, hitting $6.29. 161,698 shares of the company’s stock traded hands, compared to its average volume of 341,078. Xrp Etf has a 52 week low of $5.93 and a 52 week high of $23.53. The business’s fifty day simple moving average is $7.56 and its two-hundred day simple moving average is $9.14.

Xrp Etf Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 20th were paid a dividend of $0.0135 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a c) annualized dividend and a yield of 2.6%.

Xrp Etf Company Profile

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.