Solana ETF (NASDAQ:SOLZ) to Issue Dividend of $0.01

Solana ETF (NASDAQ:SOLZ) declared a dividend on Tuesday, June 16th, NASDAQ Dividends reports. Shareholders of record on Wednesday, June 17th will be paid a dividend of 0.0132 per share on Thursday, June 18th. The ex-dividend date is Wednesday, June 17th.

Solana ETF Stock Down 3.1%

Shares of NASDAQ:SOLZ traded down $0.23 during trading hours on Wednesday, hitting $7.18. 986,171 shares of the company’s stock traded hands, compared to its average volume of 1,894,298. Solana ETF has a 1 year low of $6.17 and a 1 year high of $27.12. The business has a fifty day moving average price of $8.31 and a 200-day moving average price of $10.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cantor Fitzgerald L. P. purchased a new position in shares of Solana ETF during the third quarter valued at approximately $1,283,000. Cresset Asset Management LLC purchased a new position in shares of Solana ETF during the third quarter valued at approximately $4,977,000. IMC Chicago LLC purchased a new position in shares of Solana ETF during the fourth quarter valued at approximately $899,000. Montag A & Associates Inc. boosted its holdings in shares of Solana ETF by 150.8% in the third quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock valued at $61,000 after purchasing an additional 1,654 shares during the period. Finally, Focus Partners Wealth purchased a new stake in shares of Solana ETF in the third quarter valued at approximately $320,000.

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.