Grayscale Solana Trust ETF (NYSEARCA:GSOL) Short Interest Up 69.7% in May

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,461,853 shares, a growth of 69.7% from the May 14th total of 861,336 shares. Currently, 281.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,070,581 shares, the days-to-cover ratio is presently 0.7 days.

Grayscale Solana Trust ETF Stock Performance

NYSEARCA:GSOL remained flat at $5.53 during trading hours on Wednesday. The company’s stock had a trading volume of 2,113,048 shares, compared to its average volume of 1,778,870. The firm has a 50-day moving average price of $6.15 and a 200-day moving average price of $7.41. Grayscale Solana Trust ETF has a 1-year low of $4.61 and a 1-year high of $22.98.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GSOL. Blackhawk Capital Partners LLC purchased a new position in shares of Grayscale Solana Trust ETF in the first quarter worth $62,000. Ascentis Independent Advisors purchased a new position in shares of Grayscale Solana Trust ETF in the first quarter worth $80,000. LCM Capital Management Inc purchased a new position in shares of Grayscale Solana Trust ETF in the fourth quarter worth $102,000. Aries Wealth Management purchased a new position in shares of Grayscale Solana Trust ETF in the fourth quarter worth $104,000. Finally, Mariner LLC purchased a new position in shares of Grayscale Solana Trust ETF in the fourth quarter worth $108,000. Hedge funds and other institutional investors own 11.78% of the company’s stock.

About Grayscale Solana Trust ETF

Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. The Company, together with its subsidiaries, provides services that allow global buyers to identify suppliers and products, and enable suppliers to market their products to a number of buyers. Its segments include Exhibitions, Online and other Media Services, and All Other segments. It has presence across a range of industry sectors, including electronics, fashion accessories, hardware and gifts.