Solana ETF (NASDAQ:SOLZ) Short Interest Update

Solana ETF (NASDAQ:SOLZ) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 414,920 shares, a decrease of 38.7% from the April 30th total of 677,317 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 1,568,429 shares, the days-to-cover ratio is currently 0.3 days.

Solana ETF Trading Down 3.2%

Solana ETF stock traded down $0.23 during mid-day trading on Thursday, reaching $6.98. The stock had a trading volume of 826,640 shares, compared to its average volume of 1,942,406. The stock’s 50-day simple moving average is $8.61 and its 200-day simple moving average is $10.62. Solana ETF has a fifty-two week low of $6.94 and a fifty-two week high of $27.12.

Solana ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.0149 per share. This is an increase from Solana ETF’s previous dividend of $0.01. The ex-dividend date was Wednesday, May 20th.

Institutional Trading of Solana ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cresset Asset Management LLC purchased a new stake in Solana ETF in the 3rd quarter valued at about $4,977,000. DRW Securities LLC boosted its position in 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 period. Galaxy Digital Capital Management GP LLC grew its stake in Solana ETF by 4.3% in the 1st quarter. Galaxy Digital Capital Management GP LLC now owns 98,292 shares of the company’s stock valued at $822,000 after buying an additional 4,081 shares in the last quarter. Galaxy Group Investments LLC bought a new stake in shares of Solana ETF during the 4th quarter valued at $1,200,000. Finally, Militia Capital Partners LP purchased a new stake in shares of 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.