Short Interest in Solana ETF (NASDAQ:SOLZ) Decreases By 12.5%

Solana ETF (NASDAQ:SOLZ) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 2,067,785 shares, a decline of 12.5% from the January 15th total of 2,363,688 shares. Based on an average daily trading volume, of 1,481,661 shares, the short-interest ratio is currently 1.4 days. Approximately 21.2% of the company’s stock are short sold. Approximately 21.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,481,661 shares, the short-interest ratio is currently 1.4 days.

Solana ETF Stock Performance

Shares of Solana ETF stock opened at $8.64 on Tuesday. Solana ETF has a 1-year low of $7.78 and a 1-year high of $27.12. The business has a 50-day moving average of $12.37 and a 200-day moving average of $17.14.

Solana ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.0296 per share. This is a boost from Solana ETF’s previous monthly dividend of $0.02. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Institutional Investors Weigh In On Solana ETF

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

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.