Short Interest in Xrp Etf (NASDAQ:XRPI) Decreases By 58.4%

Xrp Etf (NASDAQ:XRPI) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 300,649 shares, a drop of 58.4% from the June 30th total of 722,345 shares. Based on an average daily trading volume, of 112,197 shares, the short-interest ratio is presently 2.7 days. Approximately 2.0% of the company’s stock are sold short.

Xrp Etf Stock Performance

NASDAQ:XRPI opened at $5.98 on Monday. The company has a fifty day simple moving average of $6.48 and a two-hundred day simple moving average of $7.93. Xrp Etf has a 52 week low of $5.60 and a 52 week high of $21.17.

Xrp Etf Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 22nd were paid a dividend of $0.012 per share. The ex-dividend date of this dividend was Wednesday, July 22nd.

Institutional Investors Weigh In On Xrp Etf

A hedge fund recently bought a new stake in Xrp Etf stock. Q3 Asset Management acquired a new stake in Xrp Etf (NASDAQ:XRPI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 40,750 shares of the company’s stock, valued at approximately $430,000. Q3 Asset Management owned 0.32% of Xrp Etf as of its most recent filing with the Securities and Exchange Commission.

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.