Grayscale Solana Trust ETF (NYSEARCA:GSOL) Short Interest Up 48.9% in July

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,604,054 shares, a growth of 48.9% from the July 15th total of 1,077,175 shares. Currently, 9.7% of the company’s shares are sold short. Based on an average daily trading volume, of 4,446,548 shares, the days-to-cover ratio is currently 0.4 days.

Grayscale Solana Trust ETF Price Performance

GSOL stock traded up $0.09 during trading on Tuesday, reaching $5.83. 564,583 shares of the stock traded hands, compared to its average volume of 2,393,678. The business’s 50 day moving average price is $5.59 and its 200-day moving average price is $6.15. Grayscale Solana Trust ETF has a 52-week low of $4.61 and a 52-week high of $22.98.

Institutional Trading of Grayscale Solana Trust ETF

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in Grayscale Solana Trust ETF during the 4th quarter worth approximately $35,744,000. Cobblestone Asset Management LLC purchased a new position in Grayscale Solana Trust ETF in the first quarter valued at approximately $1,057,000. Miller Global Investments LLC acquired a new position in Grayscale Solana Trust ETF during the second quarter valued at approximately $675,000. Haven Private LLC acquired a new position in Grayscale Solana Trust ETF during the fourth quarter valued at approximately $459,000. Finally, PFG Investments LLC purchased a new stake in Grayscale Solana Trust ETF during the fourth quarter worth approximately $387,000. Hedge funds and other institutional investors own 11.78% of the company’s stock.

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.