Bitwise Solana Staking ETF (NYSEARCA:BSOL) Stock Short Interest Climbs 175.7%

Bitwise Solana Staking ETF (NYSEARCA:BSOL) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 3,315,101 shares, an increase of 175.7% from the September 30th total of 1,202,604 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,296,007 shares, the short-interest ratio is currently 1.0 days.

Bitwise Solana Staking ETF Stock Down 3.3%

NYSEARCA:BSOL traded down $0.47 during mid-day trading on Thursday, reaching $13.79. 2,252,133 shares of the company were exchanged, compared to its average volume of 2,721,059. Bitwise Solana Staking ETF has a 12 month low of $8.32 and a 12 month high of $24.89. The company has a fifty day moving average of $14.62 and a 200 day moving average of $12.20.

Institutional Trading of Bitwise Solana Staking ETF

Hedge funds have recently modified their holdings of the stock. Atomic Invest LLC increased its stake in shares of Bitwise Solana Staking ETF by 112.8% in the 2nd quarter. Atomic Invest LLC now owns 3,139 shares of the ETF’s stock valued at $32,000 after buying an additional 1,664 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Bitwise Solana Staking ETF by 228.7% during the first quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the ETF’s stock valued at $42,000 after acquiring an additional 2,644 shares during the period. RFG Advisory LLC bought a new position in Bitwise Solana Staking ETF in the first quarter valued at about $117,000. VestGen Advisors LLC bought a new position in Bitwise Solana Staking ETF in the third quarter valued at about $238,000. Finally, Avior Wealth Management LLC acquired a new stake in Bitwise Solana Staking ETF in the second quarter worth about $151,000.

Bitwise Solana Staking ETF (NYSEARCA: BSOL) is an exchange-traded fund listed on the NYSE Arca that is offered by Bitwise Asset Management. The fund is designed to provide investors with targeted exposure to the Solana blockchain ecosystem by combining ownership of the SOL token with efforts to capture staking rewards associated with Proof-of-Stake validation on the Solana network. As an ETF, BSOL offers a single, regulated vehicle to pursue that exposure within brokerage accounts.

BSOL’s investment approach centers on holding SOL and pursuing mechanisms to accrue staking income, which may involve validating or delegating tokens to network validators or using custodial staking services.