Grayscale Solana Trust ETF (NYSEARCA:GSOL) Sees Large Increase in Short Interest

Grayscale Solana Trust ETF (NYSEARCA:GSOL) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,461,853 shares, a growth of 69.7% from the May 14th total of 861,336 shares. Based on an average daily volume of 2,070,581 shares, the short-interest ratio is presently 0.7 days. Currently, 281.1% of the company’s shares are sold short.

Grayscale Solana Trust ETF Price Performance

Shares of Grayscale Solana Trust ETF stock traded down $0.11 during mid-day trading on Tuesday, hitting $5.53. 3,893,202 shares of the stock were exchanged, compared to its average volume of 1,777,487. Grayscale Solana Trust ETF has a twelve month low of $4.61 and a twelve month high of $22.98. The company has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $7.44.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Blackhawk Capital Partners LLC purchased a new position in shares of Grayscale Solana Trust ETF during the 1st quarter worth about $62,000. Ascentis Independent Advisors purchased a new position in Grayscale Solana Trust ETF in the first quarter valued at approximately $80,000. Cobblestone Asset Management LLC purchased a new position in Grayscale Solana Trust ETF in the first quarter valued at approximately $1,057,000. Mariner LLC purchased a new position in Grayscale Solana Trust ETF in the fourth quarter valued at approximately $108,000. Finally, Commonwealth Equity Services LLC purchased a new position in Grayscale Solana Trust ETF in the fourth quarter valued at approximately $148,000. 11.78% of the stock is currently owned by hedge funds and other institutional investors.

About Grayscale Solana Trust ETF

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.