2x Solana ETF (NASDAQ:SOLT) Short Interest Down 14.5% in March

2x Solana ETF (NASDAQ:SOLT) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 495,849 shares, a decline of 14.5% from the March 15th total of 580,205 shares. Based on an average trading volume of 494,860 shares, the short-interest ratio is presently 1.0 days. Approximately 16.3% of the shares of the company are short sold.

2x Solana ETF Stock Performance

Shares of 2x Solana ETF stock opened at $52.43 on Friday. 2x Solana ETF has a 52-week low of $38.62 and a 52-week high of $706.00. The stock’s 50-day simple moving average is $50.17 and its 200 day simple moving average is $159.99.

2x Solana ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 18th were paid a $0.0749 dividend. The ex-dividend date was Wednesday, March 18th.

Institutional Investors Weigh In On 2x Solana ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOLT. IFP Advisors Inc bought a new stake in 2x Solana ETF in the 3rd quarter valued at about $86,000. Flow Traders U.S. LLC bought a new stake in 2x Solana ETF in the 2nd quarter valued at about $238,000. Finally, Jump Financial LLC purchased a new position in 2x Solana ETF during the 4th quarter valued at about $434,000.

2x Solana ETF Company Profile

The 2x Solana ETF (SOLT) is an exchange-traded fund managed by Volatility Shares, a U.S.-based investment management firm. This ETF seeks to provide investors with twice the daily exposure to Solana’s price movements through leveraged strategies, without the need for direct cryptocurrency ownership. It is designed for sophisticated investors seeking tactical cryptocurrency trading opportunities who understand the amplified risks associated with leveraged exposure.