Xrp Etf (NASDAQ:XRPI) Trading Up 2.3% - Should You Buy?

Key Points

• Shares of Xrp Etf (NASDAQ:XRPI) increased by 2.3%, closing at $18.71 after trading as high as $18.74.
• The company declared a new monthly dividend of $0.0328 per share, up from the previous $0.01, resulting in a yield of 2.1%.
• Xrp Etf primarily invests in various financial instruments, including cash and high-quality securities, as part of its multi-asset mutual fund strategy.

Xrp Etf (NASDAQ:XRPI - Get Free Report) was up 2.3% on Tuesday . The stock traded as high as $18.74 and last traded at $18.71. Approximately 494,236 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 511,802 shares. The stock had previously closed at $18.29.

Xrp Etf Price Performance

The business's fifty day simple moving average is $19.14.

Xrp Etf Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 27th were issued a $0.0328 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a c) annualized dividend and a yield of 2.2%. This is a boost from Xrp Etf's previous monthly dividend of $0.01.

About Xrp Etf

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.