Solana ETF (NASDAQ:SOLZ) Stock Short Interest Climbs 58.2%

Solana ETF (NASDAQ:SOLZ) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,527,284 shares, a growth of 58.2% from the September 15th total of 965,382 shares. Currently, 13.2% of the company’s shares are sold short. Based on an average trading volume of 1,325,950 shares, the days-to-cover ratio is currently 1.2 days.

Solana ETF Stock Performance

Solana ETF stock opened at $10.25 on Friday. The stock’s 50-day moving average is $10.18 and its 200-day moving average is $8.74. Solana ETF has a 12 month low of $6.17 and a 12 month high of $21.32.

Institutional Trading of Solana ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Galaxy Digital Capital Management GP LLC raised its holdings in Solana ETF by 4.3% in the first quarter. Galaxy Digital Capital Management GP LLC now owns 98,292 shares of the company’s stock valued at $822,000 after buying an additional 4,081 shares during the period. rebel Financial LLC acquired a new position in Solana ETF during the first quarter valued at approximately $121,000. Maridea Wealth Management LLC acquired a new position in Solana ETF during the first quarter valued at approximately $170,000. Finally, Tactive Advisors LLC grew its stake in Solana ETF by 715.1% during the second quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock worth $1,421,000 after buying an additional 168,958 shares during the period.

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.