Solana ETF (NASDAQ:SOLZ) Stock Short Interest Jumps 58.2%

Solana ETF (NASDAQ:SOLZ) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,527,284 shares, a growth of 58.2% from the September 15th total of 965,382 shares. Currently, 13.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,325,950 shares, the short-interest ratio is currently 1.2 days.

Solana ETF Stock Down 1.5%

Shares of NASDAQ SOLZ traded down $0.15 during midday trading on Friday, reaching $10.36. 162,760 shares of the stock traded hands, compared to its average volume of 1,590,254. Solana ETF has a one year low of $6.17 and a one year high of $21.32. The company’s 50 day moving average is $10.12 and its 200 day moving average is $8.73.

Institutional Trading of Solana ETF

A number of large investors have recently made changes to their positions in SOLZ. Tactive Advisors LLC lifted its holdings in Solana ETF by 715.1% during 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 in the last quarter. Galaxy Digital Capital Management GP LLC grew its holdings in 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 acquiring an additional 4,081 shares in the last quarter. rebel Financial LLC purchased a new position in Solana ETF during the 1st quarter valued at about $121,000. Finally, Maridea Wealth Management LLC purchased a new position in Solana ETF during the 1st quarter valued at about $170,000.

About Solana ETF

​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.