Short Interest in Xrp Etf (NASDAQ:XRPI) Expands By 327.5%

Xrp Etf (NASDAQ:XRPI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 233,424 shares, an increase of 327.5% from the May 31st total of 54,607 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 225,786 shares, the short-interest ratio is presently 1.0 days.

Xrp Etf Stock Performance

NASDAQ XRPI opened at $5.76 on Friday. Xrp Etf has a one year low of $5.60 and a one year high of $23.53. The firm’s fifty day moving average is $7.26 and its two-hundred day moving average is $8.68.

Xrp Etf Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 17th were issued a dividend of $0.0117 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Xrp Etf stock. Flow Traders U.S. LLC purchased a new position in shares of Xrp Etf (NASDAQ:XRPI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 111,941 shares of the company’s stock, valued at approximately $1,934,000. Flow Traders U.S. LLC owned approximately 0.84% of Xrp Etf as of its most recent SEC filing.

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.