Solana ETF (NASDAQ:SOLZ) Short Interest Down 35.0% in July

Solana ETF (NASDAQ:SOLZ) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 435,274 shares, a decline of 35.0% from the June 30th total of 669,602 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 799,585 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SOLZ. IMC Chicago LLC bought a new stake in shares of Solana ETF in the fourth quarter valued at approximately $899,000. Maridea Wealth Management LLC bought a new position in Solana ETF during the 1st quarter worth $170,000. rebel Financial LLC bought a new position in Solana ETF during the 1st quarter worth $121,000. Galaxy Digital Capital Management GP LLC raised its holdings in Solana ETF by 4.3% in the 1st quarter. Galaxy Digital Capital Management GP LLC now owns 98,292 shares of the company’s stock valued at $822,000 after acquiring an additional 4,081 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of Solana ETF during the 3rd quarter valued at $75,000.

Solana ETF Stock Performance

SOLZ stock opened at $7.46 on Friday. Solana ETF has a 52 week low of $6.17 and a 52 week high of $27.12. The company’s 50-day simple moving average is $7.51 and its 200 day simple moving average is $8.83.

Solana ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Wednesday, July 22nd were given a dividend of $0.0148 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 22nd.

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.