Solana ETF (NASDAQ:SOLZ) Announces Dividend Increase – $0.02 Per Share

Solana ETF (NASDAQ:SOLZ) announced a monthly dividend on Tuesday, September 22nd. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.0194 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, September 23rd. This is a 54.0% increase from Solana ETF’s previous monthly dividend of $0.01.

Solana ETF Stock Performance

Shares of Solana ETF stock traded down $0.39 on Wednesday, hitting $11.39. 1,217,641 shares of the company traded hands, compared to its average volume of 1,634,359. The stock’s 50 day moving average price is $8.82 and its 200-day moving average price is $8.45. Solana ETF has a 52 week low of $6.17 and a 52 week high of $25.15.

Hedge Funds Weigh In On Solana ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOLZ. Tactive Advisors LLC lifted its holdings in shares of 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 period. Maridea Wealth Management LLC purchased a new position in Solana ETF during the first quarter valued at $170,000. rebel Financial LLC acquired a new stake in shares of Solana ETF in the first quarter valued at about $121,000. Finally, Galaxy Digital Capital Management GP LLC raised its position in shares of Solana ETF by 4.3% during 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.

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.