Xrp Etf (NASDAQ:XRPI) Shares Up 6% – Here’s What Happened

Xrp Etf (NASDAQ:XRPI)’s stock price shot up 6% during mid-day trading on Friday . The stock traded as high as $11.12 and last traded at $11.07. 504,845 shares changed hands during trading, a decline of 8% from the average session volume of 550,597 shares. The stock had previously closed at $10.44.

Xrp Etf Stock Performance

The firm has a 50 day moving average of $13.22 and a 200-day moving average of $15.98.

Xrp Etf Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 15th were issued a $0.0147 dividend. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th.

Hedge Funds Weigh In On Xrp Etf

A hedge fund recently bought a new stake in Xrp Etf stock. Flow Traders U.S. LLC purchased a new position in Xrp Etf (NASDAQ:XRPI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 111,941 shares of the company’s stock, valued at approximately $1,934,000. Flow Traders U.S. LLC owned approximately 0.84% of Xrp Etf as of its most recent SEC filing.

About Xrp Etf

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.