Short Interest in 2x Solana ETF (NASDAQ:SOLT) Declines By 25.0%

2x Solana ETF (NASDAQ:SOLTGet Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 5,498,593 shares, a decrease of 25.0% from the November 30th total of 7,333,562 shares. Based on an average daily volume of 10,490,737 shares, the days-to-cover ratio is presently 0.5 days. Currently, 15.7% of the shares of the company are short sold. Currently, 15.7% of the shares of the company are short sold. Based on an average daily volume of 10,490,737 shares, the days-to-cover ratio is presently 0.5 days.

2x Solana ETF Stock Performance

NASDAQ:SOLT traded up $0.15 during midday trading on Tuesday, reaching $6.44. The stock had a trading volume of 4,598,751 shares, compared to its average volume of 5,235,591. 2x Solana ETF has a 12-month low of $5.73 and a 12-month high of $35.30. The firm has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $17.16.

2x Solana ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 15th were given a $0.004 dividend. The ex-dividend date was Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 0.7%.

Institutional Investors Weigh In On 2x Solana ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC purchased a new position in shares of 2x Solana ETF during the second quarter valued at approximately $238,000. IFP Advisors Inc purchased a new stake in shares of 2x Solana ETF in the third quarter valued at $86,000. Finally, Highline Wealth Partners LLC purchased a new position in 2x Solana ETF during the second quarter worth about $43,000.

2x Solana ETF Company Profile

(Get Free Report)

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.

Further Reading

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