Solana ETF (NASDAQ:SOLZ) Shares Down 3.5% – Time to Sell?

Shares of Solana ETF (NASDAQ:SOLZ) fell 3.5% during trading on Wednesday . The stock traded as low as $7.95 and last traded at $8.11. 2,956,515 shares were traded during trading, an increase of 46% from the average session volume of 2,023,272 shares. The stock had previously closed at $8.40.

Solana ETF Stock Down 3.5%

The stock has a fifty day moving average of $12.70 and a 200-day moving average of $17.40.

Solana ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 21st were paid a $0.0296 dividend. This is a boost from Solana ETF’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. IMC Chicago LLC bought a new position in Solana ETF in the 4th quarter valued at $899,000. Cantor Fitzgerald L. P. acquired a new position in shares of Solana ETF during the third quarter valued at $1,283,000. Centaurus Financial Inc. bought a new position in Solana ETF in the third quarter valued at about $294,000. VR Advisory Services Ltd acquired a new stake in Solana ETF in the third quarter worth about $1,283,000. Finally, Verity Asset Management Inc. bought a new stake in Solana ETF during the 3rd quarter worth about $324,000.

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.