Solana ETF (NASDAQ:SOLZ) Short Interest Up 56.4% in July

Solana ETF (NASDAQ:SOLZ) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 680,849 shares, an increase of 56.4% from the July 15th total of 435,274 shares. Currently, 5.8% of the shares of the company are sold short. Based on an average daily trading volume, of 645,764 shares, the days-to-cover ratio is currently 1.1 days.

Solana ETF Stock Up 1.1%

Shares of NASDAQ SOLZ opened at $7.57 on Tuesday. Solana ETF has a 1-year low of $6.17 and a 1-year high of $27.12. The business’s fifty day moving average price is $7.43 and its two-hundred day moving average price is $8.28.

Solana ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 22nd were given a dividend of $0.0148 per share. The ex-dividend date was Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 2.3%.

Institutional Trading of Solana ETF

Several hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Solana ETF during the 4th quarter valued at about $25,000. Parallel Advisors LLC acquired a new stake in shares of Solana ETF in the third quarter valued at approximately $75,000. Bank of America Corp DE bought a new stake in shares of Solana ETF during the third quarter valued at approximately $179,000. Captrust Financial Advisors bought a new stake in shares of Solana ETF during the fourth quarter valued at approximately $140,000. Finally, Mariner LLC bought a new stake in shares of Solana ETF during the fourth quarter valued at approximately $142,000.

Solana ETF Company Profile

​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.