2x Solana ETF (NASDAQ:SOLT) Stock Price Down 9.4% – Time to Sell?

2x Solana ETF (NASDAQ:SOLTGet Free Report) traded down 9.4% on Thursday . The stock traded as low as $5.73 and last traded at $5.77. 19,349,367 shares traded hands during trading, an increase of 273% from the average session volume of 5,191,724 shares. The stock had previously closed at $6.37.

2x Solana ETF Stock Up 16.6%

The firm has a 50 day moving average price of $11.66 and a 200-day moving average price of $17.60.

2x Solana ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 15th were paid a dividend of $0.004 per share. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Investors Weigh In On 2x Solana ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new position in shares of 2x Solana ETF during the 2nd quarter worth about $43,000. IFP Advisors Inc bought a new stake in 2x Solana ETF in the third quarter worth about $86,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of 2x Solana ETF during the second quarter valued at approximately $238,000.

About 2x Solana ETF

(Get Free Report)

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.

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