Solana ETF (NASDAQ:SOLZ) Short Interest Down 35.0% in July

Solana ETF (NASDAQ:SOLZ) saw 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. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily volume of 799,585 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Solana ETF

Large investors have recently bought and sold shares of the company. DRW Securities LLC grew its holdings in shares of Solana ETF by 195.7% during the fourth quarter. DRW Securities LLC now owns 203,824 shares of the company’s stock worth $2,597,000 after purchasing an additional 416,801 shares during the last quarter. Tactive Advisors LLC raised its stake in shares of Solana ETF by 715.1% during the second quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock valued at $1,421,000 after acquiring an additional 168,958 shares during the last quarter. Galaxy Group Investments LLC acquired a new position in shares of Solana ETF during the fourth quarter worth $1,200,000. Militia Capital Partners LP bought a new stake in shares of Solana ETF in the second quarter worth $1,516,000. Finally, Vienna Asset Management LLC bought a new position in Solana ETF during the 3rd quarter worth $1,788,000.

Solana ETF Price Performance

Shares of NASDAQ:SOLZ opened at $7.46 on Friday. The firm has a 50 day simple moving average of $7.51 and a 200 day simple moving average of $8.83. Solana ETF has a one year low of $6.17 and a one year high of $27.12.

Solana ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Investors of record on Wednesday, July 22nd were issued a dividend of $0.0148 per share. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 2.4%.

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.