Short Interest in Xrp Etf (NASDAQ:XRPI) Grows By 162.2%

Xrp Etf (NASDAQ:XRPIGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 431,231 shares, an increase of 162.2% from the December 31st total of 164,468 shares. Based on an average daily volume of 645,499 shares, the short-interest ratio is presently 0.7 days. Approximately 3.4% of the company’s shares are sold short. Approximately 3.4% of the company’s shares are sold short. Based on an average daily volume of 645,499 shares, the short-interest ratio is presently 0.7 days.

Xrp Etf Price Performance

Xrp Etf stock opened at $9.97 on Friday. The company’s 50 day simple moving average is $11.65 and its 200 day simple moving average is $15.29. Xrp Etf has a fifty-two week low of $9.83 and a fifty-two week high of $23.53.

Xrp Etf Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Wednesday, January 21st were issued a $0.0263 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. This is a boost from Xrp Etf’s previous monthly dividend of $0.01. The ex-dividend date was Wednesday, January 21st.

Hedge Funds Weigh In On Xrp Etf

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

Xrp Etf News Roundup

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

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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