Solana ETF (NASDAQ:SOLZ) Raises Dividend to $0.03 Per Share

Solana ETF (NASDAQ:SOLZ) announced a monthly dividend on Tuesday, January 20th, NASDAQ Dividends reports. Investors of record on Wednesday, January 21st will be given a dividend of 0.0296 per share on Thursday, January 22nd. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a 27.6% increase from Solana ETF’s previous monthly dividend of $0.02.

Solana ETF Price Performance

SOLZ stock traded up $0.34 during mid-day trading on Wednesday, hitting $13.38. The stock had a trading volume of 2,490,424 shares, compared to its average volume of 1,893,548. Solana ETF has a 52 week low of $11.55 and a 52 week high of $27.12. The firm has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $18.32.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Solana ETF in the 2nd quarter worth about $181,000. Militia Capital Partners LP bought a new stake in shares of Solana ETF during the second quarter worth about $1,516,000. Tactive Advisors LLC acquired a new position in shares of Solana ETF in the third quarter valued at approximately $1,627,000. Heck Capital Advisors LLC bought a new position in Solana ETF in the 3rd quarter valued at approximately $2,417,000. Finally, High Note Wealth LLC acquired a new stake in Solana ETF during the 3rd quarter worth approximately $25,000.

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.