Solana ETF (NASDAQ:SOLZ) Trading Up 6.6% – Time to Buy?

Solana ETF (NASDAQ:SOLZ) was up 6.6% on Friday . The stock traded as high as $26.00 and last traded at $25.94. Approximately 2,615,399 shares were traded during mid-day trading, an increase of 363% from the average daily volume of 565,271 shares. The stock had previously closed at $24.33.

Solana ETF Price Performance

The business’s fifty day simple moving average is $20.44.

Solana ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 27th were issued a $0.027 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a c) annualized dividend and a yield of 1.2%. This is a boost from Solana ETF’s previous monthly dividend of $0.01.

Hedge Funds Weigh In On Solana ETF

A hedge fund recently bought a new stake in Solana ETF stock. Militia Capital Partners LP bought a new stake in Solana ETF (NASDAQ:SOLZ) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 86,100 shares of the company’s stock, valued at approximately $1,516,000. Militia Capital Partners LP owned approximately 1.89% of Solana ETF as of its most recent filing with the SEC.

About Solana ETF

​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.