2x XRP ETF (NASDAQ:XRPT) Stock Price Down 2.6% – Should You Sell?

Shares of 2x XRP ETF (NASDAQ:XRPT) were down 2.6% during mid-day trading on Wednesday . The company traded as low as $2.15 and last traded at $2.29. Approximately 10,921,132 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 5,956,723 shares. The stock had previously closed at $2.35.

2x XRP ETF Trading Down 2.6%

The company has a 50-day simple moving average of $5.23 and a two-hundred day simple moving average of $11.22.

2x XRP ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 21st were issued a $0.0052 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 2.7%.

Institutional Trading of 2x XRP ETF

An institutional investor recently bought a new position in 2x XRP ETF stock. Flow Traders U.S. LLC purchased a new position in 2x XRP ETF (NASDAQ:XRPT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 172,923 shares of the company’s stock, valued at approximately $2,269,000. Flow Traders U.S. LLC owned approximately 3.87% of 2x XRP ETF at the end of the most recent reporting period.

2x XRP ETF Company Profile

Volatility Shares Trust – 2x XRP ETF is an exchange traded fund launched and managed by Volatility Shares LLC. The fund seeks to invest in various financial 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.