Short Interest in Canary XRP ETF (NASDAQ:XRPC) Rises By 178.9%

Canary XRP ETF (NASDAQ:XRPC) was the target of a significant growth in short interest in 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 shares of the stock are sold short. Based on an average trading volume of 243,113 shares, the short-interest ratio is currently 1.7 days.

Canary XRP ETF Price Performance

XRPC stock opened at $14.02 on Monday. Canary XRP ETF has a 12 month low of $12.12 and a 12 month high of $26.89. The company’s 50 day simple moving average is $14.73.

Institutional Trading of Canary XRP ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quaker Wealth Management LLC purchased a new stake in shares of Canary XRP ETF in the 4th quarter valued at approximately $88,000. Gallacher Capital Management LLC purchased a new stake in shares of Canary XRP ETF in the 4th quarter valued at approximately $2,563,000. Avantax Planning Partners Inc. purchased a new stake in shares of Canary XRP ETF in the 4th quarter valued at approximately $244,000. Larson Financial Group LLC purchased a new stake in shares of Canary XRP ETF in the 4th quarter valued at approximately $31,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Canary XRP ETF in the 4th quarter valued at approximately $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.