Solana ETF (NASDAQ:SOLZ) Sees Large Growth in Short Interest

Solana ETF (NASDAQ:SOLZ) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,655,034 shares, an increase of 28.4% from the January 29th total of 2,067,785 shares. Based on an average trading volume of 3,234,681 shares, the short-interest ratio is currently 0.8 days. Approximately 27.2% of the company’s stock are sold short. Approximately 27.2% of the company’s stock are sold short. Based on an average trading volume of 3,234,681 shares, the short-interest ratio is currently 0.8 days.

Solana ETF Stock Up 6.5%

Shares of NASDAQ SOLZ opened at $9.16 on Wednesday. The company has a fifty day moving average price of $11.32 and a 200 day moving average price of $16.29. Solana ETF has a 1-year low of $7.68 and a 1-year high of $27.12.

Solana ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 19th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.0187 per share. The ex-dividend date of this dividend was Wednesday, February 18th.

Institutional Investors Weigh In On Solana ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. DRW Securities LLC boosted its position in Solana ETF by 195.7% during the 4th quarter. DRW Securities LLC now owns 203,824 shares of the company’s stock worth $2,597,000 after acquiring an additional 416,801 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Solana ETF in the third quarter worth $4,977,000. Heck Capital Advisors LLC acquired a new position in Solana ETF during the third quarter worth $2,417,000. Galaxy Group Investments LLC acquired a new position in Solana ETF during the fourth quarter worth $1,200,000. Finally, Militia Capital Partners LP bought a new position in Solana ETF in the second quarter valued at $1,516,000.

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.