Xrp Etf (NASDAQ:XRPI) Short Interest Up 42.8% in January

Xrp Etf (NASDAQ:XRPI) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 615,817 shares, a growth of 42.8% from the January 15th total of 431,231 shares. Based on an average daily volume of 421,696 shares, the short-interest ratio is currently 1.5 days. Currently, 4.9% of the company’s shares are sold short. Currently, 4.9% of the company’s shares are sold short. Based on an average daily volume of 421,696 shares, the short-interest ratio is currently 1.5 days.

Xrp Etf Stock Performance

NASDAQ:XRPI opened at $8.09 on Friday. The firm has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $14.38. Xrp Etf has a 12 month low of $6.50 and a 12 month high of $23.53.

Xrp Etf Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 22nd. Investors of record on Wednesday, January 21st were paid a dividend of $0.0263 per share. This is an increase from Xrp Etf’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XRPI. Flow Traders U.S. LLC purchased a new stake in Xrp Etf in the third quarter worth approximately $1,934,000. Q3 Asset Management bought a new position in Xrp Etf in the 4th quarter worth $430,000. Finally, Hurley Capital LLC bought a new stake in Xrp Etf during the 3rd quarter valued at approximately $135,000.

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.