Teucrium 2x Long Daily XRP ETF (NYSEARCA:XXRP) Stock Price Up 15% – Here’s Why

Teucrium 2x Long Daily XRP ETF (NYSEARCA:XXRP) shares shot up 15% during trading on Wednesday . The stock traded as high as $4.90 and last traded at $4.82. 2,967,451 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 2,351,154 shares. The stock had previously closed at $4.19.

Teucrium 2x Long Daily XRP ETF Stock Performance

The stock has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $20.43.

Hedge Funds Weigh In On Teucrium 2x Long Daily XRP ETF

A hedge fund recently bought a new stake in Teucrium 2x Long Daily XRP ETF stock. Flow Traders U.S. LLC purchased a new position in Teucrium 2x Long Daily XRP ETF (NYSEARCA:XXRP) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,266 shares of the company’s stock, valued at approximately $428,000. Flow Traders U.S. LLC owned 0.08% of Teucrium 2x Long Daily XRP ETF at the end of the most recent quarter.

About Teucrium 2x Long Daily XRP ETF

The Teucrium 2x Long Daily XRP ETF (XXRP) is an exchange-traded fund that mostly invests in long xrp, short usd currency. The fund aims to provide 2x leveraged exposure to the daily price movement of XRP, less fees, and expenses. The fund uses over-the-counter swaps, futures, and XRP-related securities to pursue its objective XXRP was launched on Apr 8, 2025 and is issued by Teucrium.