Solana ETF (NASDAQ:SOLZ) Shares Down 4.9% – Here’s What Happened

Solana ETF (NASDAQ:SOLZ) shares were down 4.9% during trading on Thursday . The company traded as low as $11.97 and last traded at $12.00. Approximately 2,547,539 shares were traded during trading, an increase of 166% from the average daily volume of 957,021 shares. The stock had previously closed at $12.62.

Solana ETF Price Performance

The business’s 50-day simple moving average is $16.32 and its 200-day simple moving average is $18.82.

Solana ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 15th were given a dividend of $0.024 per share. The ex-dividend date of this dividend was Monday, December 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SOLZ. High Note Wealth LLC acquired a new stake in Solana ETF during the third quarter worth $25,000. Montag A & Associates Inc. grew its position in Solana ETF by 150.8% during the 3rd quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock worth $61,000 after acquiring an additional 1,654 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of Solana ETF in the third quarter valued at about $75,000. Rothschild Investment LLC bought a new stake in shares of Solana ETF during the third quarter valued at approximately $133,000. Finally, Bank of America Corp DE bought a new position in Solana ETF in the third quarter valued at about $179,000.

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.