Grayscale Solana Trust ETF (NYSEARCA:GSOL) Sees Large Increase in Short Interest

Grayscale Solana Trust ETF (NYSEARCA:GSOL) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 1,461,853 shares, a growth of 69.7% from the May 14th total of 861,336 shares. Currently, 281.1% of the shares of the company are short sold. Based on an average trading volume of 2,070,581 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Grayscale Solana Trust ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC purchased a new stake in Grayscale Solana Trust ETF in the 1st quarter worth approximately $62,000. LCM Capital Management Inc purchased a new stake in Grayscale Solana Trust ETF in the 4th quarter worth approximately $102,000. Aries Wealth Management purchased a new stake in Grayscale Solana Trust ETF in the 4th quarter worth approximately $104,000. Mariner LLC purchased a new stake in Grayscale Solana Trust ETF in the 4th quarter worth approximately $108,000. Finally, Ascentis Independent Advisors purchased a new stake in Grayscale Solana Trust ETF in the 1st quarter worth approximately $80,000. 11.78% of the stock is owned by hedge funds and other institutional investors.

Grayscale Solana Trust ETF Trading Up 12.8%

Grayscale Solana Trust ETF stock traded up $0.64 during midday trading on Monday, hitting $5.64. The stock had a trading volume of 5,398,833 shares, compared to its average volume of 1,758,736. The firm’s fifty day moving average is $6.17 and its two-hundred day moving average is $7.47. Grayscale Solana Trust ETF has a 52-week low of $4.61 and a 52-week high of $22.98.

About Grayscale Solana Trust ETF

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers. Its segments include Exhibitions, Online and other Media Services, and All Other segments. It has presence across a range of industry sectors, including electronics, fashion accessories, hardware and gifts.