Xrp Etf (NASDAQ:XRPI) Shares Down 1.2% – What’s Next?

Shares of Xrp Etf (NASDAQ:XRPIGet Free Report) fell 1.2% on Monday . The stock traded as low as $11.88 and last traded at $11.92. 472,685 shares traded hands during trading, a decline of 32% from the average session volume of 699,337 shares. The stock had previously closed at $12.06.

Xrp Etf News Summary

Here are the key news stories impacting Xrp Etf this week:

Xrp Etf Stock Down 1.2%

The stock has a 50 day moving average of $12.17 and a 200-day moving average of $15.69.

Xrp Etf Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 15th were given a $0.0147 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.5%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xrp Etf stock. Flow Traders U.S. LLC bought a new stake in shares of Xrp Etf (NASDAQ:XRPIFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 111,941 shares of the company’s stock, valued at approximately $1,934,000. Flow Traders U.S. LLC owned 0.84% of Xrp Etf at the end of the most recent reporting period.

About Xrp Etf

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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.

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