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

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

Xrp Etf Stock Performance

Shares of NASDAQ:XRPI opened at $6.09 on Thursday. Xrp Etf has a 52-week low of $5.93 and a 52-week high of $23.53. The business has a 50-day moving average price of $7.58 and a 200-day moving average price of $9.18.

Xrp Etf Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 20th were paid a $0.0135 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, May 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XRPI. Hurley Capital LLC purchased a new position in shares of Xrp Etf in the third quarter worth about $135,000. Flow Traders U.S. LLC purchased a new position in shares of Xrp Etf in the third quarter worth about $1,934,000. Finally, Q3 Asset Management purchased a new position in Xrp Etf during the fourth quarter valued at approximately $430,000.

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.