Solana ETF (NASDAQ:SOLZ) Sees Large Decrease in Short Interest
by Michael Walen · The Markets DailySolana ETF (NASDAQ:SOLZ – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 435,274 shares, a decline of 35.0% from the June 30th total of 669,602 shares. Based on an average daily trading volume, of 799,585 shares, the short-interest ratio is presently 0.5 days. Approximately 3.7% of the shares of the company are short sold.
Solana ETF Stock Down 2.3%
Shares of SOLZ opened at $7.29 on Friday. The stock has a 50 day moving average of $7.49 and a 200 day moving average of $8.82. Solana ETF has a 12 month low of $6.17 and a 12 month high of $27.12.
Solana ETF Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 22nd were paid a $0.0148 dividend. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, July 22nd.
Institutional Investors Weigh In On Solana ETF
A number of hedge funds have recently made changes to their positions in the business. DRW Securities LLC boosted its holdings in shares of Solana ETF by 195.7% in the 4th quarter. DRW Securities LLC now owns 203,824 shares of the company’s stock worth $2,597,000 after buying an additional 416,801 shares during the last quarter. Tactive Advisors LLC increased its holdings in Solana ETF by 715.1% during the second quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock worth $1,421,000 after buying an additional 168,958 shares during the last quarter. Galaxy Digital Capital Management GP LLC increased its holdings in Solana ETF by 4.3% during the first quarter. Galaxy Digital Capital Management GP LLC now owns 98,292 shares of the company’s stock worth $822,000 after buying an additional 4,081 shares during the last quarter. Galaxy Group Investments LLC bought a new stake in Solana ETF in the fourth quarter worth about $1,200,000. Finally, Militia Capital Partners LP bought a new stake in Solana ETF in the second quarter worth about $1,516,000.
About Solana ETF
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.