2x Solana ETF (NASDAQ:SOLT) Short Interest Up 19.5% in January

2x Solana ETF (NASDAQ:SOLT) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 6,587,859 shares, a growth of 19.5% from the January 15th total of 5,514,084 shares. Approximately 14.4% of the company’s stock are short sold. Based on an average daily trading volume, of 12,863,965 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 12,863,965 shares, the days-to-cover ratio is presently 0.5 days. Approximately 14.4% of the company’s stock are short sold.

2x Solana ETF Trading Up 0.4%

Shares of NASDAQ SOLT traded up $0.01 during mid-day trading on Tuesday, reaching $2.62. 16,462,598 shares of the company’s stock were exchanged, compared to its average volume of 16,326,277. The firm has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $14.28. 2x Solana ETF has a 52 week low of $2.14 and a 52 week high of $35.30.

2x Solana ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, January 22nd. Investors of record on Wednesday, January 21st were issued a dividend of $0.0082 per share. This is a boost from 2x Solana ETF’s previous monthly dividend of $0.00. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of 2x Solana ETF

A number of large investors have recently modified their holdings of SOLT. Flow Traders U.S. LLC bought a new stake in shares of 2x Solana ETF during the 2nd quarter valued at about $238,000. IFP Advisors Inc purchased a new stake in 2x Solana ETF in the third quarter worth about $86,000. Finally, Jump Financial LLC bought a new stake in 2x Solana ETF during the 4th quarter valued at approximately $434,000.

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.