Grayscale Solana Trust ETF (NYSEARCA:GSOL) Sees Large Increase in Short Interest

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,461,853 shares, a growth of 69.7% from the May 14th total of 861,336 shares. Based on an average daily volume of 2,070,581 shares, the days-to-cover ratio is presently 0.7 days. Approximately 281.1% of the shares of the stock are sold short.

Grayscale Solana Trust ETF Trading Up 12.8%

GSOL stock traded up $0.64 during midday trading on Monday, hitting $5.64. The company’s stock had a trading volume of 5,398,833 shares, compared to its average volume of 1,758,736. Grayscale Solana Trust ETF has a 12 month low of $4.61 and a 12 month high of $22.98. The company has a 50 day moving average of $6.17 and a two-hundred day moving average of $7.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Balboa Wealth Partners bought a new position in shares of Grayscale Solana Trust ETF during the 4th quarter valued at approximately $138,000. PFG Investments LLC bought a new position in shares of Grayscale Solana Trust ETF during the 4th quarter valued at approximately $387,000. LCM Capital Management Inc bought a new position in shares of Grayscale Solana Trust ETF during the 4th quarter valued at approximately $102,000. Aries Wealth Management bought a new position in shares of Grayscale Solana Trust ETF during the 4th quarter valued at approximately $104,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Grayscale Solana Trust ETF during the 4th quarter valued at approximately $35,744,000. 11.78% of the stock is currently owned by institutional investors.

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.