Canary XRP ETF (NASDAQ:XRPC) Sees Large Growth in Short Interest

Canary XRP ETF (NASDAQ:XRPC) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 243,985 shares, a growth of 158.4% from the June 30th total of 94,408 shares. Based on an average trading volume of 156,689 shares, the short-interest ratio is currently 1.6 days. Currently, 1.2% of the company’s shares are sold short.

Canary XRP ETF Trading Up 0.4%

Canary XRP ETF stock traded up $0.05 during trading hours on Monday, reaching $11.60. 88,570 shares of the company’s stock were exchanged, compared to its average volume of 184,379. The stock’s 50 day moving average price is $12.44. Canary XRP ETF has a twelve month low of $10.75 and a twelve month high of $26.89.

Institutional Trading of Canary XRP ETF

Large investors have recently made changes to their positions in the company. Millennium Management LLC bought a new stake in shares of Canary XRP ETF during the fourth quarter valued at approximately $13,452,000. Marex Group plc purchased a new stake in Canary XRP ETF in the 4th quarter valued at $3,371,000. Jain Global LLC bought a new position in Canary XRP ETF during the 4th quarter valued at $3,227,000. Gallacher Capital Management LLC purchased a new position in Canary XRP ETF during the 4th quarter worth $2,563,000. Finally, Avantax Planning Partners Inc. bought a new stake in Canary XRP ETF in the 4th quarter worth about $244,000.

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.