Xrp Etf (NASDAQ:XRPI) Shares Down 4.3% - Here's Why

Key Points

• Xrp ETF (NASDAQ:XRPI) shares fell by 4.3%, reaching a low of $17.75 during trading, well below its previous close of $18.69.
• The fund has declared a monthly dividend of $0.0141 per share, resulting in a yield of 0.9% for investors of record.
• The fund aims to invest in various financial instruments, including currency and fixed income instruments, managed by Volatility Shares LLC.

Xrp Etf (NASDAQ:XRPI - )'s stock price traded down 4.3% during mid-day trading on Thursday . The company traded as low as $17.75 and last traded at $17.88. 332,913 shares traded hands during trading, a decline of 34% from the average session volume of 504,592 shares. The stock had previously closed at $18.69.

Xrp Etf Stock Down 4.3%

The stock's fifty day moving average price is $17.60.

Xrp Etf Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 30th. Investors of record on Tuesday, July 29th were issued a dividend of $0.0141 per share. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, July 29th.

Xrp Etf Company Profile

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.

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