2x Solana ETF (NASDAQ:SOLT) Trading Down 3.6% – Here’s What Happened

2x Solana ETF (NASDAQ:SOLT)’s share price traded down 3.6% during mid-day trading on Friday . The company traded as low as $27.22 and last traded at $27.34. 1,714,914 shares were traded during trading, a decline of 40% from the average session volume of 2,876,836 shares. The stock had previously closed at $28.35.

2x Solana ETF Stock Performance

The stock has a 50 day simple moving average of $23.41 and a 200-day simple moving average of $18.85.

2x Solana ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 26th were paid a dividend of $0.0155 per share. The ex-dividend date was Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from 2x Solana ETF’s previous monthly dividend of $0.01.

Institutional Investors Weigh In On 2x Solana ETF

An institutional investor recently bought a new position in 2x Solana ETF stock. Highline Wealth Partners LLC purchased a new stake in shares of 2x Solana ETF (NASDAQ:SOLT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,600 shares of the company’s stock, valued at approximately $43,000. Highline Wealth Partners LLC owned 0.06% of 2x Solana ETF as of its most recent SEC filing.

2x Solana ETF Company Profile

The 2x Solana ETF (SOLT) is an exchange-traded fund managed by Volatility Shares, a U.S.-based investment management firm. This ETF seeks to provide investors with twice the daily exposure to Solana’s price movements through leveraged strategies, without the need for direct cryptocurrency ownership. It is designed for sophisticated investors seeking tactical cryptocurrency trading opportunities who understand the amplified risks associated with leveraged exposure.