Short Interest in Grayscale Solana Trust ETF (NYSEARCA:GSOL) Expands By 48.9%

Grayscale Solana Trust ETF (NYSEARCA:GSOL) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,604,054 shares, an increase of 48.9% from the July 15th total of 1,077,175 shares. Based on an average daily volume of 4,446,548 shares, the days-to-cover ratio is currently 0.4 days. Currently, 9.7% of the company’s shares are short sold.

Grayscale Solana Trust ETF Trading Up 6.2%

Shares of GSOL traded up $0.36 during trading hours on Wednesday, hitting $6.20. 2,891,876 shares of the stock were exchanged, compared to its average volume of 2,400,901. Grayscale Solana Trust ETF has a fifty-two week low of $4.61 and a fifty-two week high of $22.98. The business has a 50-day moving average of $5.61 and a 200-day moving average of $6.13.

Institutional Trading of Grayscale Solana Trust ETF

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in shares of Grayscale Solana Trust ETF in the 4th quarter valued at about $35,744,000. Cobblestone Asset Management LLC acquired a new stake in Grayscale Solana Trust ETF during the first quarter worth approximately $1,057,000. Miller Global Investments LLC acquired a new stake in Grayscale Solana Trust ETF during the second quarter worth approximately $675,000. Haven Private LLC bought a new stake in Grayscale Solana Trust ETF in the fourth quarter worth approximately $459,000. Finally, PFG Investments LLC bought a new stake in Grayscale Solana Trust ETF in the fourth quarter worth approximately $387,000. 11.78% of the stock is currently owned by institutional investors and hedge funds.

Grayscale Solana Trust ETF Company Profile

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers. Its segments include Exhibitions, Online and other Media Services, and All Other segments. It has presence across a range of industry sectors, including electronics, fashion accessories, hardware and gifts.