Solana ETF (NASDAQ:SOLZ) Short Interest Down 70.3% in March

Solana ETF (NASDAQ:SOLZ) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 619,082 shares, a decrease of 70.3% from the February 26th total of 2,082,325 shares. Based on an average daily trading volume, of 3,895,388 shares, the days-to-cover ratio is presently 0.2 days. Currently, 6.3% of the company’s stock are short sold. Currently, 6.3% of the company’s stock are short sold. Based on an average daily trading volume, of 3,895,388 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SOLZ. Militia Capital Partners LP acquired a new position in Solana ETF in the 2nd quarter worth about $1,516,000. Brighton Jones LLC lifted its holdings in shares of Solana ETF by 119.2% during the 3rd quarter. Brighton Jones LLC now owns 22,488 shares of the company’s stock valued at $497,000 after buying an additional 12,228 shares during the last quarter. Tactive Advisors LLC acquired a new stake in shares of Solana ETF during the 3rd quarter valued at about $1,627,000. Heck Capital Advisors LLC bought a new stake in shares of Solana ETF in the 3rd quarter valued at approximately $2,417,000. Finally, High Note Wealth LLC bought a new stake in shares of Solana ETF in the 3rd quarter valued at approximately $25,000.

Solana ETF Price Performance

Shares of NASDAQ:SOLZ opened at $8.95 on Wednesday. The firm has a fifty day moving average of $10.02 and a two-hundred day moving average of $14.99. Solana ETF has a 12-month low of $7.68 and a 12-month high of $27.12.

Solana ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 18th were issued a dividend of $0.0136 per share. The ex-dividend date was Wednesday, March 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.