Solana ETF (NASDAQ:SOLZ) Short Interest Up 268.0% in September

Solana ETF (NASDAQ:SOLZ) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,390,000 shares, an increase of 268.0% from the August 31st total of 377,700 shares. Based on an average trading volume of 1,132,700 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 1,132,700 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Solana ETF

An institutional investor recently bought a new position in Solana ETF stock. Militia Capital Partners LP acquired a new position in shares of Solana ETF (NASDAQ:SOLZ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 86,100 shares of the company’s stock, valued at approximately $1,516,000. Militia Capital Partners LP owned 1.89% of Solana ETF as of its most recent SEC filing.

Solana ETF Trading Down 0.1%

SOLZ opened at $24.66 on Friday. Solana ETF has a fifty-two week low of $11.55 and a fifty-two week high of $27.12. The company’s 50-day moving average price is $21.81 and its 200 day moving average price is $18.75.

Solana ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 26th were paid a dividend of $0.0322 per share. This represents a c) annualized dividend and a yield of 1.6%. This is a positive change from Solana ETF’s previous monthly dividend of $0.03. The ex-dividend date was Friday, September 26th.

Solana ETF Company Profile

​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.