Xrp Etf (NASDAQ:XRPI) Trading Up 0.5% – Here’s What Happened

Xrp Etf (NASDAQ:XRPIGet Free Report)’s stock price was up 0.5% on Friday . The company traded as high as $7.69 and last traded at $7.69. Approximately 120,343 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 437,286 shares. The stock had previously closed at $7.65.

Key Headlines Impacting Xrp Etf

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

Xrp Etf Stock Up 0.5%

The stock has a 50-day moving average of $7.97 and a 200 day moving average of $11.43.

Xrp Etf Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 18th were given a $0.0135 dividend. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, March 18th.

Institutional Trading of Xrp Etf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Q3 Asset Management acquired a new stake in Xrp Etf in the fourth quarter worth about $430,000. Flow Traders U.S. LLC acquired a new stake in Xrp Etf in the third quarter worth about $1,934,000. Finally, Hurley Capital LLC acquired a new stake in Xrp Etf in the third quarter worth about $135,000.

Xrp Etf Company Profile

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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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