Short Interest in 2x XRP ETF (NASDAQ:XRPT) Drops By 44.4%

2x XRP ETF (NASDAQ:XRPT) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 130,392 shares, a decline of 44.4% from the May 31st total of 234,570 shares. Based on an average trading volume of 164,462 shares, the short-interest ratio is presently 0.8 days. Approximately 7.5% of the shares of the company are sold short.

2x XRP ETF Trading Up 4.6%

2x XRP ETF stock traded up $1.04 during mid-day trading on Thursday, hitting $23.49. The stock had a trading volume of 177,381 shares, compared to its average volume of 191,907. The firm’s 50 day moving average is $35.06 and its 200 day moving average is $58.77. 2x XRP ETF has a one year low of $20.67 and a one year high of $618.52.

2x XRP ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 17th were issued a $0.0326 dividend. 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 1.7%.

About 2x XRP ETF

Volatility Shares Trust – 2x XRP ETF is an exchange traded fund launched and managed by Volatility Shares LLC. The fund seeks to invest in various financial 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.