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

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

Institutional Trading of Xrp Etf

A hedge fund recently bought a new position in Xrp Etf stock. Q3 Asset Management bought a new position in Xrp Etf (NASDAQ:XRPI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned 0.32% of Xrp Etf at the end of the most recent reporting period.

Xrp Etf Price Performance

NASDAQ XRPI opened at $5.98 on Tuesday. Xrp Etf has a 1-year low of $5.60 and a 1-year high of $21.17. The business’s 50-day simple moving average is $6.44 and its 200-day simple moving average is $7.88.

Xrp Etf Announces Dividend

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

About Xrp Etf

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.