Canary XRP ETF (NASDAQ:XRPC) Short Interest Up 158.4% in July

Canary XRP ETF (NASDAQ:XRPC) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 243,985 shares, an increase of 158.4% from the June 30th total of 94,408 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 156,689 shares, the days-to-cover ratio is presently 1.6 days.

Canary XRP ETF Stock Up 0.4%

Shares of XRPC opened at $11.60 on Tuesday. The company has a 50-day moving average price of $12.37. Canary XRP ETF has a one year low of $10.75 and a one year high of $26.89.

Institutional Investors Weigh In On Canary XRP ETF

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in Canary XRP ETF during the fourth quarter worth about $31,000. PNC Financial Services Group Inc. bought a new stake in Canary XRP ETF in the fourth quarter valued at approximately $41,000. Main Street Group LTD acquired a new stake in shares of Canary XRP ETF in the first quarter valued at approximately $53,000. Quaker Wealth Management LLC acquired a new stake in shares of Canary XRP ETF in the fourth quarter valued at approximately $88,000. Finally, Bogart Wealth LLC bought a new position in shares of Canary XRP ETF during the 1st quarter worth approximately $98,000.

Canary XRP ETF (NASDAQ: XRPC) is an exchange-traded fund listed on the Nasdaq that provides investors with a vehicle for gaining market exposure to XRP, the digital token associated with the Ripple network. As an ETF, XRPC is structured to trade like a stock on an exchange while offering investors exposure to the price movements of the underlying digital asset without requiring direct custody of cryptocurrencies.

The fund’s primary activity is offering exposure to XRP-related returns through holdings and instruments tied to the token.