Xrp Etf (NASDAQ:XRPI) Trading 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 - Get Free Report) shares fell 4.3% during mid-day trading on Thursday . The stock traded as low as $17.75 and last traded at $17.88. 332,913 shares traded hands during mid-day 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 Performance

The company has a 50 day moving average of $17.95.

Xrp Etf Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 27th will be paid a $0.0328 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a c) annualized dividend and a dividend yield of 2.1%. This is an increase from Xrp Etf's previous monthly dividend of $0.01.

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.