Xrp Etf (NASDAQ:XRPI) Trading Up 6% – Should You Buy?

Xrp Etf (NASDAQ:XRPI)’s share price shot up 6% during trading on Friday . The company traded as high as $11.12 and last traded at $11.07. 504,845 shares were traded during trading, a decline of 8% from the average session volume of 550,597 shares. The stock had previously closed at $10.44.

Xrp Etf Stock Up 6.0%

The stock has a 50 day simple moving average of $13.22 and a 200-day simple moving average of $15.98.

Xrp Etf Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 15th were given a dividend of $0.0147 per share. The ex-dividend date was Monday, December 15th. This represents a c) annualized dividend and a yield of 1.6%.

Institutional Trading of Xrp Etf

An institutional investor recently bought a new position in Xrp Etf stock. Hurley Capital LLC purchased a new position in Xrp Etf (NASDAQ:XRPI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,785 shares of the company’s stock, valued at approximately $135,000. Hurley Capital LLC owned approximately 0.06% of Xrp Etf at the end of the most recent quarter.

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.