Canary XRP ETF (NASDAQ:XRPC) Shares Shorted: Short Interest Up 176.7% in October

Canary XRP ETF (NASDAQ:XRPC) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 148,139 shares, a growth of 176.7% from the October 15th total of 53,547 shares. Based on an average daily trading volume, of 119,532 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Canary XRP ETF stock. Main Street Group LTD acquired a new stake in Canary XRP ETF (NASDAQ:XRPC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,700 shares of the company’s stock, valued at approximately $53,000.

Canary XRP ETF Stock Performance

XRPC opened at $10.96 on Friday. The business has a fifty day moving average of $14.37 and a 200 day moving average of $13.95. Canary XRP ETF has a 52-week low of $10.52 and a 52-week high of $26.89.

Canary XRP ETF (NASDAQ: XRPC) is an exchange-traded fund listed on the Nasdaq that provides investors with a vehicle for gaining market exposure to XRP, the digital token associated with the Ripple network. As an ETF, XRPC is structured to trade like a stock on an exchange while offering investors exposure to the price movements of the underlying digital asset without requiring direct custody of cryptocurrencies. The fund’s primary activity is offering exposure to XRP-related returns through holdings and instruments tied to the token.