2x XRP ETF (NASDAQ:XRPT) Trading Up 8.6% – Time to Buy?

2x XRP ETF (NASDAQ:XRPTGet Free Report) was up 8.6% on Monday . The stock traded as high as $46.64 and last traded at $46.40. Approximately 55,744 shares changed hands during trading, a decline of 82% from the average daily volume of 311,361 shares. The stock had previously closed at $42.72.

2x XRP ETF Stock Up 7.1%

The company has a 50 day moving average price of $5.18 and a 200-day moving average price of $9.82.

2x XRP ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 18th were issued a $0.078 dividend. The ex-dividend date of this dividend was Wednesday, February 18th.

Hedge Funds Weigh In On 2x XRP ETF

An institutional investor recently bought a new position in 2x XRP ETF stock. Flow Traders U.S. LLC acquired a new stake in 2x XRP ETF (NASDAQ:XRPTFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 172,923 shares of the company’s stock, valued at approximately $2,269,000. Flow Traders U.S. LLC owned about 3.87% of 2x XRP ETF at the end of the most recent reporting period.

About 2x XRP ETF

(Get Free Report)

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.

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