Solana ETF (NASDAQ:SOLZ) Short Interest Down 21.6% in February

Solana ETF (NASDAQ:SOLZ) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,082,325 shares, a decline of 21.6% from the February 12th total of 2,655,034 shares. Based on an average daily trading volume, of 2,444,814 shares, the short-interest ratio is presently 0.9 days. Currently, 21.3% of the shares of the company are sold short. Currently, 21.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,444,814 shares, the short-interest ratio is presently 0.9 days.

Solana ETF Price Performance

Shares of SOLZ traded up $0.48 during trading hours on Monday, reaching $9.52. 1,178,089 shares of the company traded hands, compared to its average volume of 2,643,777. The business has a fifty day moving average price of $10.72 and a 200-day moving average price of $15.63. Solana ETF has a 12-month low of $7.68 and a 12-month high of $27.12.

Solana ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 18th were given a dividend of $0.0187 per share. The ex-dividend date of this dividend was Wednesday, February 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SOLZ. High Note Wealth LLC purchased a new stake in Solana ETF in the third quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Solana ETF in the 4th quarter valued at $25,000. Montag A & Associates Inc. boosted its holdings in shares of Solana ETF by 150.8% in the 3rd quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock valued at $61,000 after acquiring an additional 1,654 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Solana ETF in the third quarter worth $75,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Solana ETF in the third quarter worth $133,000.

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.