Canary XRP ETF (NASDAQ:XRPC) Sees Significant Increase in Short Interest

Canary XRP ETF (NASDAQ:XRPC) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 421,519 shares, a growth of 178.9% from the April 30th total of 151,130 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 243,113 shares, the short-interest ratio is presently 1.7 days.

Canary XRP ETF Trading Up 0.4%

NASDAQ XRPC traded up $0.06 during trading on Friday, hitting $14.02. The company had a trading volume of 219,426 shares, compared to its average volume of 190,193. Canary XRP ETF has a one year low of $12.12 and a one year high of $26.89. The stock has a fifty day simple moving average of $14.73.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XRPC. Quaker Wealth Management LLC bought a new position in Canary XRP ETF in the 4th quarter worth $88,000. Gallacher Capital Management LLC bought a new position in Canary XRP ETF in the 4th quarter worth $2,563,000. Avantax Planning Partners Inc. bought a new position in Canary XRP ETF in the 4th quarter worth $244,000. Larson Financial Group LLC bought a new position in Canary XRP ETF in the 4th quarter worth $31,000. Finally, PNC Financial Services Group Inc. bought a new position in Canary XRP ETF in the 4th quarter worth $41,000.

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.