Grayscale Solana Trust ETF (NYSEARCA:GSOL) Shares Shorted: Short Interest Down 37.3% in October

Grayscale Solana Trust ETF (NYSEARCA:GSOL) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 1,275,295 shares, a drop of 37.3% from the September 30th total of 2,035,519 shares. Currently, 7.4% of the company’s stock are sold short. Based on an average trading volume of 2,142,713 shares, the short-interest ratio is presently 0.6 days.

Grayscale Solana Trust ETF Price Performance

NYSEARCA GSOL traded up $0.15 during mid-day trading on Tuesday, reaching $7.08. The stock had a trading volume of 420,748 shares, compared to its average volume of 2,464,748. Grayscale Solana Trust ETF has a 1 year low of $4.61 and a 1 year high of $12.26. The company has a fifty day moving average price of $8.08 and a 200 day moving average price of $6.82.

Grayscale Solana Trust ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, November 3rd will be paid a $0.0350 dividend. This is an increase from Grayscale Solana Trust ETF’s previous monthly dividend of $0.0326. This represents a $0.42 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, November 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cobblestone Asset Management LLC purchased a new stake in shares of Grayscale Solana Trust ETF during the first quarter valued at $1,057,000. Miller Global Investments LLC purchased a new position in Grayscale Solana Trust ETF in the 2nd quarter worth about $675,000. SkyView Investment Advisors LLC purchased a new position in Grayscale Solana Trust ETF in the 2nd quarter worth about $249,000. Ascentis Independent Advisors purchased a new position in Grayscale Solana Trust ETF in the 1st quarter worth about $80,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Grayscale Solana Trust ETF in the 2nd quarter worth about $78,000. 11.78% of the stock is owned by institutional investors.

Grayscale Solana Trust ETF Company Profile

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers. Its segments include Exhibitions, Online and other Media Services, and All Other segments. It has presence across a range of industry sectors, including electronics, fashion accessories, hardware and gifts.