Solana ETF (SOLZ) to Issue Monthly Dividend of $0.03 on January 22nd

Solana ETF (NASDAQ:SOLZ) declared a monthly dividend on Tuesday, January 20th, NASDAQ Dividends reports. Shareholders of record on Wednesday, January 21st will be paid a dividend of 0.0296 per share on Thursday, January 22nd. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a 27.6% increase from Solana ETF’s previous monthly dividend of $0.02.

Solana ETF Trading Up 2.6%

SOLZ opened at $13.38 on Thursday. The company has a 50 day simple moving average of $13.72 and a two-hundred day simple moving average of $18.29. Solana ETF has a 1-year low of $11.55 and a 1-year high of $27.12.

Institutional Investors Weigh In On Solana ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. High Note Wealth LLC bought a new position in shares of Solana ETF in the third quarter worth about $25,000. Montag A & Associates Inc. lifted its stake in Solana ETF by 150.8% in the 3rd quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock worth $61,000 after purchasing an additional 1,654 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of Solana ETF in the third quarter worth about $75,000. Rothschild Investment LLC purchased a new position in Solana ETF during the 3rd quarter valued at approximately $133,000. Finally, Bank of America Corp DE bought a new stake in Solana ETF in the 3rd quarter worth approximately $179,000.

About Solana ETF

​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.