Solana ETF (NASDAQ:SOLZ) Sees Significant Growth in Short Interest

Solana ETF (NASDAQ:SOLZ) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,527,284 shares, a growth of 58.2% from the September 15th total of 965,382 shares. Approximately 13.2% of the company’s stock are short sold. Based on an average daily volume of 1,325,950 shares, the days-to-cover ratio is currently 1.2 days.

Solana ETF Stock Performance

Shares of SOLZ stock traded down $0.26 during mid-day trading on Friday, hitting $10.25. 943,057 shares of the stock traded hands, compared to its average volume of 1,594,444. Solana ETF has a 52-week low of $6.17 and a 52-week high of $21.32. The stock’s fifty day moving average is $10.18 and its two-hundred day moving average is $8.74.

Hedge Funds Weigh In On Solana ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. rebel Financial LLC purchased a new stake in shares of Solana ETF during the 1st quarter valued at $121,000. Maridea Wealth Management LLC purchased a new position in Solana ETF during the 1st quarter worth $170,000. Galaxy Digital Capital Management GP LLC increased its position in Solana ETF by 4.3% during the 1st quarter. Galaxy Digital Capital Management GP LLC now owns 98,292 shares of the company’s stock valued at $822,000 after buying an additional 4,081 shares in the last quarter. Finally, Tactive Advisors LLC raised its stake in Solana ETF by 715.1% in the second quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock valued at $1,421,000 after buying an additional 168,958 shares during the last quarter.

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.