Canary XRP ETF (NASDAQ:XRPC) Short Interest Update

Canary XRP ETF (NASDAQ:XRPC) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 94,408 shares, a decrease of 67.1% from the June 15th total of 287,131 shares. Based on an average daily trading volume, of 166,934 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Canary XRP ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XRPC. Gallacher Capital Management LLC acquired a new stake in Canary XRP ETF in the fourth quarter worth about $2,563,000. Quaker Wealth Management LLC acquired a new position in Canary XRP ETF during the 4th quarter valued at about $88,000. Millennium Management LLC acquired a new position in Canary XRP ETF during the 4th quarter valued at about $13,452,000. Marex Group plc bought a new stake in shares of Canary XRP ETF during the 4th quarter worth about $3,371,000. Finally, Jain Global LLC acquired a new stake in shares of Canary XRP ETF in the 4th quarter worth approximately $3,227,000.

Canary XRP ETF Stock Performance

Shares of Canary XRP ETF stock opened at $11.73 on Monday. The firm’s fifty day simple moving average is $13.13. Canary XRP ETF has a 1-year low of $10.75 and a 1-year high of $26.89.

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.