2x Solana ETF (NASDAQ:SOLT) Stock Price Down 7.2% – Time to Sell?

2x Solana ETF (NASDAQ:SOLT)’s share price fell 7.2% during trading on Wednesday . The company traded as low as $2.22 and last traded at $2.32. 26,556,091 shares were traded during mid-day trading, an increase of 70% from the average session volume of 15,623,110 shares. The stock had previously closed at $2.50.

2x Solana ETF Trading Down 7.2%

The stock has a fifty day moving average of $6.43 and a 200-day moving average of $14.79.

2x Solana ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Wednesday, January 21st were paid a dividend of $0.0082 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 4.2%. This is an increase from 2x Solana ETF’s previous monthly dividend of $0.00.

Institutional Trading of 2x Solana ETF

An institutional investor recently bought a new position in 2x Solana ETF stock. Flow Traders U.S. LLC bought a new stake in 2x Solana ETF (NASDAQ:SOLT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,516 shares of the company’s stock, valued at approximately $238,000. Flow Traders U.S. LLC owned approximately 0.14% of 2x Solana ETF at the end of the most recent quarter.

2x Solana ETF Company Profile

The 2x Solana ETF (SOLT) is an exchange-traded fund managed by Volatility Shares, a U.S.-based investment management firm. This ETF seeks to provide investors with twice the daily exposure to Solana’s price movements through leveraged strategies, without the need for direct cryptocurrency ownership. It is designed for sophisticated investors seeking tactical cryptocurrency trading opportunities who understand the amplified risks associated with leveraged exposure.