Xrp Etf (NASDAQ:XRPI) Short Interest Update

Xrp Etf (NASDAQ:XRPI) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 589,229 shares, a drop of 40.8% from the February 12th total of 995,641 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 351,818 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 351,818 shares, the days-to-cover ratio is presently 1.7 days. Approximately 4.7% of the company’s shares are sold short.

Xrp Etf Trading Down 0.6%

Shares of XRPI opened at $7.85 on Friday. The firm has a 50-day simple moving average of $9.59 and a two-hundred day simple moving average of $12.93. Xrp Etf has a 1-year low of $6.50 and a 1-year high of $23.53.

Xrp Etf Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 19th. Investors of record on Wednesday, February 18th were issued a $0.0163 dividend. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, February 18th.

Institutional Trading of Xrp Etf

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

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.