Canary Marinade Solana ETF (NASDAQ:SOLC) Shares Shorted: Short Interest Up 278.8% in September

Canary Marinade Solana ETF (NASDAQ:SOLC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,629 shares, a growth of 278.8% from the September 15th total of 430 shares. Based on an average daily volume of 13,302 shares, the short-interest ratio is currently 0.1 days. Currently, 1.6% of the company’s stock are sold short.

Canary Marinade Solana ETF Trading Down 1.0%

Shares of SOLC opened at $21.75 on Tuesday. The stock has a 50 day simple moving average of $20.09 and a 200 day simple moving average of $17.36. Canary Marinade Solana ETF has a 52-week low of $12.23 and a 52-week high of $28.66.

Canary Solana ETF (NASDAQ:SOLC) is an exchange-traded fund listed on the Nasdaq under the ticker SOLC. Based on its name, the fund is focused on providing investors with exposure to the Solana blockchain and the broader Solana ecosystem, which centers on the SOL native token and decentralized applications built on that platform.

Funds that target a single blockchain or token typically pursue exposure through a combination of direct token holdings (where regulatory and custody frameworks permit), futures and other derivatives, or equity and convertible positions in companies and projects operating within that ecosystem.