Canary XRP ETF (NASDAQ:XRPC) Short Interest Update

Canary XRP ETF (NASDAQ:XRPC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 197,071 shares, an increase of 439.3% from the August 15th total of 36,539 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 453,254 shares, the short-interest ratio is presently 0.4 days.

Canary XRP ETF Stock Up 0.9%

Shares of Canary XRP ETF stock opened at $14.46 on Friday. Canary XRP ETF has a 1-year low of $10.52 and a 1-year high of $26.89. The firm’s 50-day moving average price is $12.55 and its two-hundred day moving average price is $13.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XRPC. Avantax Planning Partners Inc. bought a new stake in Canary XRP ETF during the 4th quarter worth approximately $244,000. Larson Financial Group LLC acquired a new position in Canary XRP ETF in the fourth quarter worth $31,000. PNC Financial Services Group Inc. acquired a new position in Canary XRP ETF in the fourth quarter worth $41,000. Marex Group plc acquired a new position in Canary XRP ETF in the fourth quarter worth $3,371,000. Finally, Jain Global LLC bought a new stake in shares of Canary XRP ETF during the fourth quarter worth $3,227,000.

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.