Solana ETF Plans Monthly Dividend of $0.01 (NASDAQ:SOLZ)

Solana ETF (NASDAQ:SOLZ) announced a monthly dividend on Tuesday, August 18th, NASDAQ Dividends reports. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.0126 per share on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, August 19th.

Solana ETF Stock Performance

NASDAQ:SOLZ traded up $0.51 during mid-day trading on Wednesday, reaching $8.23. The stock had a trading volume of 3,028,356 shares, compared to its average volume of 1,624,747. Solana ETF has a one year low of $6.17 and a one year high of $27.12. The firm has a 50 day moving average price of $7.45 and a two-hundred day moving average price of $8.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in Solana ETF during the 4th quarter valued at about $25,000. Parallel Advisors LLC purchased a new stake in Solana ETF in the 3rd quarter worth approximately $75,000. rebel Financial LLC bought a new stake in shares of Solana ETF in the 1st quarter worth approximately $121,000. Captrust Financial Advisors purchased a new position in shares of Solana ETF during the fourth quarter valued at approximately $140,000. Finally, Mariner LLC purchased a new position 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.