Xrp Etf (NASDAQ:XRPI) Stock Price Up 0.5% – Here’s What Happened

Xrp Etf (NASDAQ:XRPIGet Free Report)’s share price rose 0.5% on Friday . The stock traded as high as $7.69 and last traded at $7.69. Approximately 120,343 shares were traded during trading, a decline of 72% from the average daily volume of 437,286 shares. The stock had previously closed at $7.65.

Key Xrp Etf News

Here are the key news stories impacting Xrp Etf this week:

Xrp Etf Stock Performance

The firm has a 50 day moving average price of $7.97 and a two-hundred day moving average price of $11.39.

Xrp Etf Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 18th were given a dividend of $0.0135 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 2.1%.

Hedge Funds Weigh In On Xrp Etf

Several large investors have recently modified their holdings of XRPI. Flow Traders U.S. LLC bought a new position in shares of Xrp Etf during the third quarter worth about $1,934,000. Q3 Asset Management bought a new position in shares of Xrp Etf during the fourth quarter worth about $430,000. Finally, Hurley Capital LLC bought a new position in shares of Xrp Etf during the third quarter worth about $135,000.

About Xrp Etf

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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.

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