Grayscale Solana Trust ETF (NYSEARCA:GSOL) Stock Short Interest Declines 37.3%

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,275,295 shares, a drop of 37.3% from the September 30th total of 2,035,519 shares. Approximately 7.4% of the shares of the company are short sold. Based on an average daily volume of 2,142,713 shares, the days-to-cover ratio is currently 0.6 days.

Grayscale Solana Trust ETF Trading Up 1.7%

Shares of NYSEARCA GSOL opened at $7.05 on Wednesday. Grayscale Solana Trust ETF has a fifty-two week low of $4.61 and a fifty-two week high of $12.26. The stock has a fifty day moving average of $8.08 and a 200-day moving average of $6.80.

Grayscale Solana Trust ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $0.0350 per share. This is a boost from Grayscale Solana Trust ETF’s previous monthly dividend of $0.0326. The ex-dividend date is Tuesday, November 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.0%.

Hedge Funds Weigh In On Grayscale Solana Trust ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GSOL. Cobblestone Asset Management LLC purchased a new stake in Grayscale Solana Trust ETF in the first quarter worth approximately $1,057,000. Miller Global Investments LLC bought a new stake in shares of Grayscale Solana Trust ETF in the 2nd quarter worth approximately $675,000. SkyView Investment Advisors LLC purchased a new stake in shares of Grayscale Solana Trust ETF in the 2nd quarter valued at $249,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Grayscale Solana Trust ETF in the 2nd quarter valued at $78,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Grayscale Solana Trust ETF in the 1st quarter valued at $80,000. Hedge funds and other institutional investors own 11.78% of the company’s stock.

Grayscale Solana Trust ETF Company Profile

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.