Grayscale Solana Trust ETF (NYSEARCA:GSOL) Stock Short Interest Falls 37.3%

Grayscale Solana Trust ETF (NYSEARCA:GSOL) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,275,295 shares, a drop of 37.3% from the September 30th total of 2,035,519 shares. Approximately 7.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,142,713 shares, the days-to-cover ratio is presently 0.6 days.

Grayscale Solana Trust ETF Stock Down 1.2%

Grayscale Solana Trust ETF stock traded down $0.09 during mid-day trading on Monday, hitting $7.08. 234,708 shares of the company’s stock traded hands, compared to its average volume of 2,469,216. Grayscale Solana Trust ETF has a one year low of $4.61 and a one year high of $12.84. The firm has a 50 day moving average price of $8.08 and a 200 day moving average price of $6.83.

Grayscale Solana Trust ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, October 5th were issued a $0.0326 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, October 5th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blackhawk Capital Partners LLC bought a new position in shares of Grayscale Solana Trust ETF during the 1st quarter valued at $62,000. Kings Path Partners LLC bought a new position in shares of Grayscale Solana Trust ETF during the 3rd quarter worth about $69,000. CYBER HORNET ETFs LLC bought a new stake in Grayscale Solana Trust ETF in the second quarter valued at $78,000. Ascentis Independent Advisors acquired a new stake in shares of Grayscale Solana Trust ETF during the first quarter worth approximately $80,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of Grayscale Solana Trust ETF in the second quarter valued at about $249,000. 11.78% of the stock is 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.