Xrp Etf (NASDAQ:XRPI) Short Interest Up 327.5% in June

Xrp Etf (NASDAQ:XRPI) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 233,424 shares, a growth of 327.5% from the May 31st total of 54,607 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 225,786 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Xrp Etf stock. Q3 Asset Management bought a new position in shares of Xrp Etf (NASDAQ:XRPI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned 0.32% of Xrp Etf as of its most recent SEC filing.

Xrp Etf Stock Performance

Shares of Xrp Etf stock opened at $5.76 on Friday. The business has a 50-day moving average of $7.26 and a 200 day moving average of $8.68. Xrp Etf has a 12 month low of $5.60 and a 12 month high of $23.53.

Xrp Etf Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 17th were given a dividend of $0.0117 per share. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 17th.

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.