Short Interest in Grayscale Solana Trust ETF (NYSEARCA:GSOL) Decreases By 63.2%

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 538,329 shares, a decline of 63.2% from the May 31st total of 1,461,853 shares. Based on an average daily volume of 5,105,866 shares, the short-interest ratio is presently 0.1 days. Approximately 103.5% of the shares of the company are sold short.

Grayscale Solana Trust ETF Stock Up 4.0%

Shares of Grayscale Solana Trust ETF stock traded up $0.22 on Monday, hitting $5.71. The stock had a trading volume of 6,729,695 shares, compared to its average volume of 2,004,076. Grayscale Solana Trust ETF has a 52-week low of $4.61 and a 52-week high of $22.98. The company’s 50 day moving average price is $5.97 and its 200 day moving average price is $7.11.

Institutional Investors Weigh In On Grayscale Solana Trust ETF

Large investors have recently modified their holdings of the company. Blackhawk Capital Partners LLC purchased a new position in shares of Grayscale Solana Trust ETF during the first quarter worth approximately $62,000. Ascentis Independent Advisors acquired a new position in shares of Grayscale Solana Trust ETF in the 1st quarter valued at $80,000. LCM Capital Management Inc purchased a new stake in Grayscale Solana Trust ETF in the 4th quarter valued at $102,000. Aries Wealth Management purchased a new stake in Grayscale Solana Trust ETF in the 4th quarter valued at $104,000. Finally, Mariner LLC acquired a new stake in Grayscale Solana Trust ETF during the 4th quarter worth $108,000. 11.78% of the stock is owned by institutional investors and hedge funds.

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.