Grayscale Solana Trust ETF (NYSEARCA:GSOL) Stock Short Interest Falls 37.3%

Grayscale Solana Trust ETF (NYSEARCA:GSOL) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,275,295 shares, a decline of 37.3% from the September 30th total of 2,035,519 shares. Currently, 7.4% of the company’s stock are short sold. Based on an average daily volume of 2,142,713 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Grayscale Solana Trust ETF

Several institutional investors have recently modified their holdings of GSOL. Kings Path Partners LLC bought a new stake in Grayscale Solana Trust ETF during the third quarter valued at $69,000. SkyView Investment Advisors LLC purchased a new stake in Grayscale Solana Trust ETF in the second quarter worth $249,000. CYBER HORNET ETFs LLC bought a new stake in Grayscale Solana Trust ETF during the 2nd quarter valued at $78,000. Miller Global Investments LLC purchased a new position in shares of Grayscale Solana Trust ETF during the 2nd quarter valued at $675,000. Finally, Blackhawk Capital Partners LLC bought a new position in shares of Grayscale Solana Trust ETF in the 1st quarter worth $62,000. Institutional investors own 11.78% of the company’s stock.

Grayscale Solana Trust ETF Trading Down 1.2%

Grayscale Solana Trust ETF stock traded down $0.09 during mid-day trading on Monday, hitting $7.08. 234,708 shares of the company’s stock traded hands, compared to its average volume of 2,469,216. Grayscale Solana Trust ETF has a fifty-two week low of $4.61 and a fifty-two week high of $12.84. The firm has a 50 day simple moving average of $8.08 and a two-hundred day simple moving average of $6.83.

Grayscale Solana Trust ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, October 5th were given a dividend of $0.0326 per share. This represents a $0.39 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, October 5th.

Grayscale Solana Trust ETF Company Profile

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.