Solana ETF Target of Unusually Large Options Trading (NASDAQ:SOLZ)

Solana ETF (NASDAQ:SOLZ) was the recipient of some unusual options trading activity on Friday. Traders bought 3,781 call options on the stock. This represents an increase of approximately 287% compared to the typical daily volume of 976 call options.

Solana ETF Price Performance

Shares of SOLZ traded up $0.95 during midday trading on Friday, hitting $11.01. The company had a trading volume of 1,386,991 shares, compared to its average volume of 1,617,507. The company’s 50 day moving average price is $8.58 and its 200 day moving average price is $8.39. Solana ETF has a 52 week low of $6.17 and a 52 week high of $25.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SOLZ. rebel Financial LLC acquired a new stake in shares of Solana ETF in the first quarter worth $121,000. Maridea Wealth Management LLC acquired a new position in Solana ETF during the first quarter worth $170,000. Galaxy Digital Capital Management GP LLC lifted its holdings in Solana ETF by 4.3% in the 1st quarter. Galaxy Digital Capital Management GP LLC now owns 98,292 shares of the company’s stock worth $822,000 after purchasing an additional 4,081 shares during the last quarter. Finally, Tactive Advisors LLC grew its stake in Solana ETF by 715.1% in the 2nd quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock valued at $1,421,000 after buying an additional 168,958 shares during the last quarter.

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.