2x XRP ETF (NASDAQ:XRPT) Trading Down 2.2% – Should You Sell?

2x XRP ETF (NASDAQ:XRPT)’s stock price fell 2.2% during trading on Monday . The company traded as low as $6.02 and last traded at $6.09. 3,426,968 shares were traded during mid-day trading, a decline of 14% from the average session volume of 3,977,822 shares. The stock had previously closed at $6.23.

2x XRP ETF Trading Down 2.2%

The firm’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $13.33.

2x XRP ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 15th were paid a dividend of $0.0067 per share. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Investors Weigh In On 2x XRP ETF

An institutional investor recently bought a new position in 2x XRP ETF stock. Flow Traders U.S. LLC bought a new position in shares of 2x XRP ETF (NASDAQ:XRPT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 172,923 shares of the company’s stock, valued at approximately $2,269,000. Flow Traders U.S. LLC owned 3.87% of 2x XRP ETF as of its most recent SEC filing.

2x XRP ETF Company Profile

Volatility Shares Trust – 2x XRP ETF is an exchange traded fund launched and managed by Volatility Shares LLC. The fund seeks to invest in various financial 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.