2x Solana ETF (NASDAQ:SOLT) Stock Price Down 9.4% – Here’s What Happened

Shares of 2x Solana ETF (NASDAQ:SOLT) were down 9.4% during trading on Thursday . The company traded as low as $5.73 and last traded at $5.77. Approximately 19,349,367 shares traded hands during trading, an increase of 273% from the average daily volume of 5,191,724 shares. The stock had previously closed at $6.37.

2x Solana ETF Stock Performance

The company has a fifty day moving average price of $11.95 and a two-hundred day moving average price of $17.67.

2x Solana ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 15th were issued a dividend of $0.004 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, December 15th.

Institutional Trading of 2x Solana ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC acquired a new position in 2x Solana ETF during the 2nd quarter worth about $238,000. IFP Advisors Inc bought a new position in shares of 2x Solana ETF during the third quarter worth about $86,000. Finally, Highline Wealth Partners LLC bought a new position in shares of 2x Solana ETF during the second quarter worth about $43,000.

About 2x Solana ETF

The 2x Solana ETF (SOLT) is an exchange-traded fund managed by Volatility Shares, a U.S.-based investment management firm. This ETF seeks to provide investors with twice the daily exposure to Solana’s price movements through leveraged strategies, without the need for direct cryptocurrency ownership. It is designed for sophisticated investors seeking tactical cryptocurrency trading opportunities who understand the amplified risks associated with leveraged exposure.