Canary XRP ETF (NASDAQ:XRPC) Short Interest Update

Canary XRP ETF (NASDAQ:XRPC) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 94,408 shares, a drop of 67.1% from the June 15th total of 287,131 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 166,934 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Canary XRP ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quaker Wealth Management LLC acquired a new stake in shares of Canary XRP ETF in the 4th quarter worth about $88,000. Gallacher Capital Management LLC acquired a new position in Canary XRP ETF during the 4th quarter valued at about $2,563,000. Avantax Planning Partners Inc. bought a new position in Canary XRP ETF in the 4th quarter worth about $244,000. Larson Financial Group LLC bought a new position in Canary XRP ETF in the 4th quarter worth about $31,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Canary XRP ETF in the fourth quarter valued at approximately $41,000.

Canary XRP ETF Price Performance

Shares of XRPC opened at $11.73 on Monday. The stock’s fifty day moving average is $13.13. Canary XRP ETF has a 12 month low of $10.75 and a 12 month high of $26.89.

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.