Grayscale Solana Trust ETF (NYSEARCA:GSOL – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 538,329 shares, a drop of 63.2% from the May 31st total of 1,461,853 shares. Currently, 103.5% of the shares of the company are short sold. Based on an average daily volume of 5,105,866 shares, the days-to-cover ratio is presently 0.1 days.
Grayscale Solana Trust ETF Price Performance
NYSEARCA GSOL traded down $0.18 on Tuesday, hitting $5.53. The stock had a trading volume of 6,883,764 shares, compared to its average volume of 2,043,870. The company’s 50-day moving average is $5.97 and its two-hundred day moving average is $7.11. Grayscale Solana Trust ETF has a one year low of $4.61 and a one year high of $22.98.
Hedge Funds Weigh In On Grayscale Solana Trust ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GSOL. Blackhawk Capital Partners LLC bought a new stake in Grayscale Solana Trust ETF during the 1st quarter valued at $62,000. LCM Capital Management Inc bought a new position in shares of Grayscale Solana Trust ETF in the fourth quarter worth $102,000. Aries Wealth Management acquired a new position in shares of Grayscale Solana Trust ETF during the fourth quarter valued at $104,000. Mariner LLC acquired a new position in shares of Grayscale Solana Trust ETF during the fourth quarter valued at $108,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Grayscale Solana Trust ETF during the first quarter valued at $80,000. 11.78% of the stock is owned by institutional investors.
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.
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