Xrp Etf (NASDAQ:XRPI) Short Interest Update

Xrp Etf (NASDAQ:XRPI) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 160,652 shares, an increase of 70.9% from the April 30th total of 93,982 shares. Based on an average trading volume of 205,367 shares, the short-interest ratio is presently 0.8 days. Currently, 1.1% of the shares of the company are sold short.

Xrp Etf Trading Up 0.4%

Shares of Xrp Etf stock traded up $0.03 during trading on Wednesday, hitting $6.82. 96,325 shares of the company’s stock were exchanged, compared to its average volume of 348,538. The business has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $9.49. Xrp Etf has a 52-week low of $6.50 and a 52-week high of $23.53.

Xrp Etf Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.0135 per share. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, May 20th.

Hedge Funds Weigh In On Xrp Etf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new position in Xrp Etf during the third quarter worth $1,934,000. Q3 Asset Management acquired a new stake in shares of Xrp Etf in the fourth quarter valued at $430,000. Finally, Hurley Capital LLC purchased a new stake in shares of Xrp Etf in the 3rd quarter valued at $135,000.

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.