Xrp Etf (NASDAQ:XRPI) Sees Significant Decrease in Short Interest

Xrp Etf (NASDAQ:XRPI) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 300,649 shares, a drop of 58.4% from the June 30th total of 722,345 shares. Based on an average trading volume of 112,197 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.0% of the shares of the stock are short sold.

Xrp Etf Stock Up 1.7%

Shares of XRPI traded up $0.10 during midday trading on Wednesday, reaching $5.91. The stock had a trading volume of 66,645 shares, compared to its average volume of 300,704. The firm’s 50 day moving average price is $6.41 and its 200-day moving average price is $7.83. Xrp Etf has a 52 week low of $5.60 and a 52 week high of $21.17.

Xrp Etf Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 22nd were paid a $0.012 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd.

Institutional Trading of Xrp Etf

An institutional investor recently bought a new position in Xrp Etf stock. Q3 Asset Management purchased a new position in Xrp Etf (NASDAQ:XRPI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned about 0.32% of Xrp Etf at the end of the most recent quarter.

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.