Xrp Etf (NASDAQ:XRPI) Trading Up 2.3% - Here's Why

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) shares traded up 2.3% on Tuesday . The stock traded as high as $18.74 and last traded at $18.71. 494,236 shares were traded during trading, a decline of 3% from the average session volume of 511,802 shares. The stock had previously closed at $18.29.

Xrp Etf Trading Down 4.1%

The firm has a 50-day moving average price of $19.13.

Xrp Etf Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.0328 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 27th. 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.