Solana ETF (NASDAQ:SOLZ) Shares Down 0.6% – Here’s What Happened

Solana ETF (NASDAQ:SOLZ) traded down 0.6% on Friday . The stock traded as low as $7.73 and last traded at $7.79. Approximately 543,821 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,771,595 shares. The stock had previously closed at $7.84.

Solana ETF Stock Performance

The business has a 50 day moving average price of $7.91 and a 200-day moving average price of $9.40.

Solana ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.0132 per share. The ex-dividend date of this dividend was Wednesday, June 17th.

Institutional Trading of Solana ETF

A number of hedge funds have recently made changes to their positions in SOLZ. Kestra Advisory Services LLC bought a new position in shares of Solana ETF during the 4th quarter worth approximately $25,000. Parallel Advisors LLC acquired a new stake in Solana ETF during the 3rd quarter valued at $75,000. rebel Financial LLC bought a new position in Solana ETF during the first quarter worth $121,000. Captrust Financial Advisors acquired a new position in shares of Solana ETF in the fourth quarter valued at $140,000. Finally, Mariner LLC bought a new position in shares of Solana ETF in the fourth quarter valued at about $142,000.

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.