Grayscale Solana Trust ETF (NYSEARCA:GSOL) Sees Large Drop in Short Interest

Grayscale Solana Trust ETF (NYSEARCA:GSOL) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 538,329 shares, a drop of 63.2% from the May 31st total of 1,461,853 shares. Currently, 103.5% of the shares of the company are sold short. Based on an average daily volume of 5,105,866 shares, the short-interest ratio is currently 0.1 days.

Grayscale Solana Trust ETF Stock Performance

Shares of Grayscale Solana Trust ETF stock opened at $5.49 on Friday. Grayscale Solana Trust ETF has a 12-month low of $4.61 and a 12-month high of $22.98. The firm’s 50 day simple moving average is $5.99 and its two-hundred day simple moving average is $7.15.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GSOL. Blackhawk Capital Partners LLC acquired a new position in Grayscale Solana Trust ETF during the first quarter valued at $62,000. Ascentis Independent Advisors purchased a new position in Grayscale Solana Trust ETF during the first quarter valued at approximately $80,000. LCM Capital Management Inc purchased a new position in Grayscale Solana Trust ETF during the fourth quarter valued at approximately $102,000. Aries Wealth Management acquired a new position in Grayscale Solana Trust ETF in the fourth quarter valued at approximately $104,000. Finally, Mariner LLC acquired a new position in Grayscale Solana Trust ETF in the fourth quarter valued at approximately $108,000. Hedge funds and other institutional investors own 11.78% of the company’s stock.

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.