Solana ETF Sees Unusually High Options Volume (NASDAQ:SOLZ)

Solana ETF (NASDAQ:SOLZ) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 3,015 call options on the company. This represents an increase of 326% compared to the average daily volume of 708 call options.

Solana ETF Stock Performance

Solana ETF stock opened at $9.13 on Friday. Solana ETF has a 1-year low of $7.68 and a 1-year high of $27.12. The stock’s fifty day moving average is $8.66 and its two-hundred day moving average is $13.29.

Solana ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 18th were paid a $0.0136 dividend. The ex-dividend date was Wednesday, March 18th.

Institutional Trading of Solana ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. High Note Wealth LLC acquired a new stake in Solana ETF in the third quarter valued at $25,000. Montag A & Associates Inc. raised its stake in Solana ETF by 150.8% in the third quarter. Montag A & Associates Inc. now owns 2,751 shares of the company’s stock valued at $61,000 after buying an additional 1,654 shares in the last quarter. Visionary Wealth Advisors raised its stake in Solana ETF by 15.4% in the fourth quarter. Visionary Wealth Advisors now owns 13,210 shares of the company’s stock valued at $168,000 after buying an additional 1,760 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Solana ETF in the fourth quarter valued at $25,000. Finally, Parallel Advisors LLC acquired a new stake in Solana ETF in the third quarter valued at $75,000.

Solana ETF Company Profile

​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.