Canary XRP ETF (NASDAQ:XRPC) Short Interest Update

Canary XRP ETF (NASDAQ:XRPC) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 96,122 shares, a decline of 60.6% from the July 15th total of 243,985 shares. Based on an average trading volume of 111,528 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are short sold.

Canary XRP ETF Trading Up 0.4%

Shares of NASDAQ:XRPC opened at $10.72 on Friday. Canary XRP ETF has a 12 month low of $10.52 and a 12 month high of $26.89. The firm’s 50-day moving average is $11.64 and its 200 day moving average is $13.82.

Institutional Investors Weigh In On Canary XRP ETF

Several hedge funds and other institutional investors have recently modified their holdings of XRPC. Larson Financial Group LLC bought a new stake in shares of Canary XRP ETF during the 4th quarter worth approximately $31,000. PNC Financial Services Group Inc. purchased a new stake in Canary XRP ETF in the fourth quarter worth $41,000. Main Street Group LTD bought a new stake in shares of Canary XRP ETF during the first quarter worth $53,000. Quaker Wealth Management LLC purchased a new stake in shares of Canary XRP ETF during the fourth quarter valued at $88,000. Finally, Bogart Wealth LLC bought a new position in shares of Canary XRP ETF in the first quarter worth about $98,000.

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.