Solana ETF Announces Monthly Dividend of $0.02 (NASDAQ:SOLZ)

Solana ETF (NASDAQ:SOLZ) declared a monthly dividend on Monday, November 24th, NASDAQ Dividends reports. Shareholders of record on Tuesday, November 25th will be paid a dividend of 0.0232 per share on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, November 25th.

Solana ETF Trading Down 1.1%

Shares of NASDAQ SOLZ traded down $0.16 during trading on Tuesday, reaching $14.22. The company had a trading volume of 867,914 shares, compared to its average volume of 901,004. The company’s fifty day moving average price is $19.89 and its 200-day moving average price is $19.54. Solana ETF has a 12 month low of $11.55 and a 12 month high of $27.12.

Institutional Trading of Solana ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in Solana ETF during the 2nd quarter worth approximately $181,000. Montag A & Associates Inc. increased its position in shares of Solana ETF by 150.8% during the third quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock worth $61,000 after buying an additional 1,654 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Solana ETF during the third quarter worth $4,977,000. Group One Trading LLC bought a new position in Solana ETF during the third quarter worth $935,000. Finally, Cantor Fitzgerald L. P. acquired a new position in Solana ETF in the third quarter valued at $1,283,000.

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.