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

Xrp Etf (NASDAQ:XRPI) saw a significant drop in short interest in 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. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 158,158 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Xrp Etf

A number of institutional investors have recently made changes to their positions in the company. Hurley Capital LLC acquired a new position in Xrp Etf during the third quarter worth $135,000. Q3 Asset Management acquired a new position in Xrp Etf during the fourth quarter worth $430,000. Finally, Flow Traders U.S. LLC acquired a new position in Xrp Etf during the third quarter worth $1,934,000.

Xrp Etf Price Performance

Shares of XRPI opened at $6.09 on Thursday. Xrp Etf has a 12 month low of $5.93 and a 12 month high of $23.53. The stock’s 50 day moving average is $7.58 and its two-hundred day moving average is $9.18.

Xrp Etf Cuts Dividend

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

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.