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

Solana ETF (NASDAQ:SOLZ) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,527,284 shares, an increase 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 trading volume of 1,325,950 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Solana ETF

Several hedge funds have recently modified their holdings of the stock. Tactive Advisors LLC grew its stake in Solana ETF by 715.1% during the 2nd quarter. Tactive Advisors LLC now owns 192,585 shares of the company’s stock valued at $1,421,000 after purchasing an additional 168,958 shares during the last quarter. Galaxy Digital Capital Management GP LLC increased its holdings in shares of 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 purchasing an additional 4,081 shares in the last quarter. Maridea Wealth Management LLC purchased a new position in shares of Solana ETF during the 1st quarter valued at approximately $170,000. Finally, rebel Financial LLC acquired a new position in shares of Solana ETF in the 1st quarter valued at $121,000.

Solana ETF Trading Down 1.5%

NASDAQ:SOLZ traded down $0.15 during midday trading on Friday, reaching $10.36. 162,760 shares of the stock traded hands, compared to its average volume of 1,590,254. Solana ETF has a 12-month low of $6.17 and a 12-month high of $21.32. The business has a 50-day moving average of $10.12 and a two-hundred day moving average of $8.73.

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.