Grayscale Solana Trust ETF (NYSEARCA:GSOL) Short Interest Up 48.9% in July

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,604,054 shares, a growth of 48.9% from the July 15th total of 1,077,175 shares. Currently, 9.7% of the company’s shares are sold short. Based on an average daily volume of 4,446,548 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Grayscale Solana Trust ETF

Hedge funds have recently modified their holdings of the stock. Blackhawk Capital Partners LLC purchased a new stake in Grayscale Solana Trust ETF in the first quarter valued at approximately $62,000. Ascentis Independent Advisors purchased a new position in Grayscale Solana Trust ETF during the first quarter worth approximately $80,000. LCM Capital Management Inc acquired a new position in shares of Grayscale Solana Trust ETF in the 4th quarter valued at $102,000. Aries Wealth Management acquired a new position in shares of Grayscale Solana Trust ETF in the 4th quarter valued at $104,000. Finally, Mariner LLC acquired a new position in shares of Grayscale Solana Trust ETF in the 4th quarter valued at $108,000. 11.78% of the stock is owned by institutional investors and hedge funds.

Grayscale Solana Trust ETF Stock Performance

NYSEARCA GSOL traded up $0.09 during trading hours on Tuesday, hitting $5.83. 564,583 shares of the company’s stock were exchanged, compared to its average volume of 2,393,678. The business’s 50 day moving average is $5.59 and its 200-day moving average is $6.15. Grayscale Solana Trust ETF has a 12-month low of $4.61 and a 12-month 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.