Solana ETF (NASDAQ:SOLZ) Sees Significant Drop in Short Interest

Solana ETF (NASDAQ:SOLZ) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 619,082 shares, a drop of 70.3% from the February 26th total of 2,082,325 shares. Based on an average trading volume of 3,895,388 shares, the short-interest ratio is presently 0.2 days. Approximately 6.3% of the shares of the company are short sold. Approximately 6.3% of the shares of the company are short sold. Based on an average trading volume of 3,895,388 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Solana ETF

Several large investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in Solana ETF in the 4th quarter valued at $25,000. High Note Wealth LLC acquired a new position in Solana ETF during the 3rd quarter worth $25,000. Montag A & Associates Inc. boosted its holdings in Solana ETF by 150.8% during the third quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock valued at $61,000 after acquiring an additional 1,654 shares during the period. Parallel Advisors LLC bought a new stake in Solana ETF during the third quarter valued at about $75,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Solana ETF in the third quarter valued at about $133,000.

Solana ETF Stock Performance

SOLZ opened at $8.95 on Wednesday. The business has a 50 day moving average price of $10.02 and a 200 day moving average price of $14.99. Solana ETF has a twelve month low of $7.68 and a twelve month high of $27.12.

Solana ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 18th were given a $0.0136 dividend. The ex-dividend date of this dividend was Wednesday, March 18th.

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.