Solana ETF (NASDAQ:SOLZ) Short Interest Up 56.4% in July

Solana ETF (NASDAQ:SOLZ) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 680,849 shares, an increase of 56.4% from the July 15th total of 435,274 shares. Based on an average daily volume of 645,764 shares, the short-interest ratio is presently 1.1 days. Currently, 5.8% of the shares of the stock are sold short.

Solana ETF Stock Performance

SOLZ opened at $7.57 on Tuesday. The business has a 50 day moving average price of $7.43 and a two-hundred day moving average price of $8.28. Solana ETF has a 1-year low of $6.17 and a 1-year high of $27.12.

Solana ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Wednesday, July 22nd were paid a $0.0148 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 22nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. DRW Securities LLC grew its holdings in Solana ETF by 195.7% during the fourth 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 period. Tactive Advisors LLC lifted its holdings in Solana ETF by 715.1% in the 2nd quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock valued at $1,421,000 after acquiring an additional 168,958 shares during the last quarter. Galaxy Group Investments LLC acquired a new stake in Solana ETF in the 4th quarter valued at about $1,200,000. Militia Capital Partners LP acquired a new stake in Solana ETF in the 2nd quarter valued at about $1,516,000. Finally, Vienna Asset Management LLC bought a new position in shares of Solana ETF during the 3rd quarter valued at about $1,788,000.

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.