Xrp Etf (NASDAQ:XRPI) Short Interest Up 42.8% in January

Xrp Etf (NASDAQ:XRPI) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 615,817 shares, a growth of 42.8% from the January 15th total of 431,231 shares. Based on an average daily trading volume, of 421,696 shares, the days-to-cover ratio is presently 1.5 days. Currently, 4.9% of the company’s shares are short sold. Currently, 4.9% of the company’s shares are short sold. Based on an average daily trading volume, of 421,696 shares, the days-to-cover ratio is presently 1.5 days.

Xrp Etf Trading Up 4.7%

NASDAQ:XRPI opened at $8.09 on Monday. Xrp Etf has a one year low of $6.50 and a one year high of $23.53. The firm’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $14.35.

Xrp Etf Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.0263 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Xrp Etf’s previous monthly dividend of $0.01. The ex-dividend date was Wednesday, January 21st.

Institutional Trading of Xrp Etf

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hurley Capital LLC bought a new position in Xrp Etf during the 3rd quarter worth $135,000. Flow Traders U.S. LLC acquired a new stake in shares of Xrp Etf in the third quarter valued at about $1,934,000. Finally, Q3 Asset Management bought a new position in shares of Xrp Etf during the fourth quarter worth about $430,000.

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.