Solana ETF (NASDAQ:SOLZ) Short Interest Update

Solana ETF (NASDAQ:SOLZ) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 680,849 shares, an increase of 56.4% from the July 15th total of 435,274 shares. Based on an average daily volume of 645,764 shares, the days-to-cover ratio is presently 1.1 days. Currently, 5.8% of the shares of the stock are sold short.

Solana ETF Stock Up 2.0%

Solana ETF stock opened at $7.72 on Wednesday. The firm’s fifty day moving average is $7.45 and its 200 day moving average is $8.25. Solana ETF has a 52-week low of $6.17 and a 52-week high of $27.12.

Solana ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 22nd were issued a $0.0148 dividend. The ex-dividend date was Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DRW Securities LLC boosted its holdings in shares of Solana ETF by 195.7% in the 4th quarter. DRW Securities LLC now owns 203,824 shares of the company’s stock worth $2,597,000 after purchasing an additional 416,801 shares during the period. Tactive Advisors LLC raised its holdings in Solana ETF by 715.1% during the 2nd quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock valued at $1,421,000 after buying an additional 168,958 shares during the period. Galaxy Group Investments LLC purchased a new stake in Solana ETF during the 4th quarter valued at $1,200,000. Militia Capital Partners LP bought a new stake in Solana ETF in the second quarter worth $1,516,000. Finally, Vienna Asset Management LLC bought a new stake in Solana ETF in the third quarter worth $1,788,000.

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.