Short Interest in Xrp Etf (NASDAQ:XRPI) Rises By 61.7%

Xrp Etf (NASDAQ:XRPIGet Free Report) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 995,641 shares, an increase of 61.7% from the January 29th total of 615,817 shares. Currently, 8.0% of the company’s shares are sold short. Based on an average trading volume of 774,638 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 774,638 shares, the short-interest ratio is presently 1.3 days. Currently, 8.0% of the company’s shares are sold short.

Institutional Trading of Xrp Etf

Hedge funds have recently modified their holdings of the stock. Hurley Capital LLC acquired a new stake in Xrp Etf during the 3rd quarter worth approximately $135,000. Q3 Asset Management bought a new stake in Xrp Etf in the 4th quarter valued at about $430,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Xrp Etf during the 3rd quarter worth approximately $1,934,000.

Xrp Etf Trading Down 3.1%

Shares of NASDAQ:XRPI opened at $7.70 on Friday. Xrp Etf has a fifty-two week low of $6.50 and a fifty-two week high of $23.53. The firm’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $13.63.

Xrp Etf Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 19th. Investors of record on Wednesday, February 18th were given a $0.0163 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%.

Xrp Etf News Roundup

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

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.

Further Reading

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