Short Interest in Solana ETF (NASDAQ:SOLZ) Declines By 35.0%

Solana ETF (NASDAQ:SOLZ) was the recipient of a significant 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 company’s stock are short sold. Based on an average daily volume of 799,585 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. IMC Chicago LLC acquired a new stake in Solana ETF during the 4th quarter worth $899,000. VR Advisory Services Ltd acquired a new position in Solana ETF in the third quarter valued at $1,283,000. Neuberger Berman Group LLC acquired a new position in Solana ETF in the fourth quarter valued at $766,000. Verity Asset Management Inc. acquired a new position in Solana ETF in the third quarter valued at $324,000. Finally, Focus Partners Wealth purchased a new position in shares of Solana ETF during the third quarter worth about $320,000.

Solana ETF Stock Down 2.3%

Shares of SOLZ opened at $7.29 on Friday. Solana ETF has a 52-week low of $6.17 and a 52-week high of $27.12. The stock has a 50 day moving average price of $7.49 and a 200 day moving average price of $8.82.

Solana ETF Announces Dividend

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

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.