Short Interest in Solana ETF (NASDAQ:SOLZ) Drops By 70.3%

Solana ETF (NASDAQ:SOLZ) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 619,082 shares, a decline of 70.3% from the February 26th total of 2,082,325 shares. Based on an average trading volume of 3,895,388 shares, the short-interest ratio is presently 0.2 days. Approximately 6.3% of the shares of the company are sold short.

Solana ETF Price Performance

SOLZ stock opened at $8.62 on Friday. The business’s 50-day moving average is $9.79 and its two-hundred day moving average is $14.91. Solana ETF has a fifty-two week low of $7.68 and a fifty-two week high of $27.12.

Solana ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 18th were given a dividend of $0.0136 per share. The ex-dividend date was Wednesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SOLZ. Galaxy Group Investments LLC purchased a new stake in shares of Solana ETF in the 4th quarter worth $1,200,000. Captrust Financial Advisors purchased a new position in Solana ETF during the fourth quarter valued at $140,000. Mariner LLC bought a new stake in Solana ETF during the fourth quarter valued at about $142,000. Kestra Advisory Services LLC bought a new stake in Solana ETF during the fourth quarter valued at about $25,000. Finally, Visionary Wealth Advisors increased its position in Solana ETF by 15.4% in the fourth quarter. Visionary Wealth Advisors now owns 13,210 shares of the company’s stock worth $168,000 after buying an additional 1,760 shares in the last quarter.

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.