Solana ETF (NASDAQ:SOLZ) Stock Price Down 4.9% – Here’s What Happened

Shares of Solana ETF (NASDAQ:SOLZ) were down 4.9% during mid-day trading on Thursday . The stock traded as low as $22.82 and last traded at $22.97. Approximately 1,428,768 shares were traded during trading, an increase of 95% from the average daily volume of 733,583 shares. The stock had previously closed at $24.16.

Solana ETF Stock Performance

The company’s fifty day moving average is $22.14 and its 200-day moving average is $18.91.

Solana ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 26th were issued a dividend of $0.0322 per share. The ex-dividend date of this dividend was Friday, September 26th. This is a positive change from Solana ETF’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a yield of 1.7%.

Hedge Funds Weigh In On Solana ETF

A hedge fund recently bought a new stake in Solana ETF stock. Militia Capital Partners LP acquired a new stake in shares of Solana ETF (NASDAQ:SOLZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 86,100 shares of the company’s stock, valued at approximately $1,516,000. Militia Capital Partners LP owned 1.89% of Solana ETF as of its most recent SEC filing.

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.