Short Interest in Solana ETF (NASDAQ:SOLZ) Drops By 12.5%

Solana ETF (NASDAQ:SOLZ) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,067,785 shares, a drop of 12.5% from the January 15th total of 2,363,688 shares. Currently, 21.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,481,661 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 1,481,661 shares, the short-interest ratio is presently 1.4 days. Currently, 21.2% of the company’s shares are short sold.

Solana ETF Price Performance

SOLZ stock opened at $8.65 on Wednesday. The business has a fifty day moving average of $12.25 and a two-hundred day moving average of $17.08. Solana ETF has a 52-week low of $7.78 and a 52-week high of $27.12.

Solana ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.0296 per share. This represents a c) annualized dividend and a yield of 4.1%. This is a boost from Solana ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, January 21st.

Hedge Funds Weigh In On Solana ETF

Several large investors have recently made changes to their positions in the stock. High Note Wealth LLC purchased a new stake in Solana ETF in the third quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Solana ETF during the fourth quarter worth about $25,000. Montag A & Associates Inc. lifted its position in shares of Solana ETF by 150.8% during the third quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock worth $61,000 after purchasing an additional 1,654 shares in the last quarter. Parallel Advisors LLC purchased a new position in shares of Solana ETF in the third quarter valued at approximately $75,000. Finally, Rothschild Investment LLC purchased a new position in shares of Solana ETF in the third quarter valued at approximately $133,000.

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.