Solana ETF (NASDAQ:SOLZ) Short Interest Up 28.4% in February
by Doug Wharley · The Cerbat GemSolana ETF (NASDAQ:SOLZ – Get Free Report) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,655,034 shares, an increase of 28.4% from the January 29th total of 2,067,785 shares. Currently, 27.2% of the company’s stock are short sold. Based on an average trading volume of 3,234,681 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 3,234,681 shares, the short-interest ratio is presently 0.8 days. Currently, 27.2% of the company’s stock are short sold.
Institutional Investors Weigh In On Solana ETF
A number of large investors have recently modified their holdings of SOLZ. Galaxy Group Investments LLC purchased a new position in shares of Solana ETF in the 4th quarter valued at approximately $1,200,000. Captrust Financial Advisors acquired a new position in Solana ETF during the 4th quarter valued at approximately $140,000. Mariner LLC acquired a new position in Solana ETF during the 4th quarter valued at approximately $142,000. Kestra Advisory Services LLC purchased a new position in shares of Solana ETF in the fourth quarter worth $25,000. Finally, Visionary Wealth Advisors lifted its stake in shares of Solana ETF by 15.4% during the fourth quarter. Visionary Wealth Advisors now owns 13,210 shares of the company’s stock worth $168,000 after buying an additional 1,760 shares during the period.
Solana ETF Stock Up 9.9%
Shares of SOLZ stock opened at $9.45 on Thursday. Solana ETF has a 12-month low of $7.68 and a 12-month high of $27.12. The business’s fifty day simple moving average is $11.26 and its 200-day simple moving average is $16.24.
Solana ETF Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 18th were paid a $0.0187 dividend. The ex-dividend date was Wednesday, February 18th.
Solana ETF Company Profile
The Solana ETF is managed by Volatility Shares, a U.S.-based investment management firm specializing in exchange-traded funds (ETFs). SOLZ aims to provide investors with long-term capital appreciation through exposure to Solana, one of the fastest-growing blockchain ecosystems. The fund achieves this by investing in Solana futures contracts and/or swaps, without holding Solana directly.