Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Increases By 331.1%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 55,668 shares, an increase of 331.1% from the June 15th total of 12,914 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 41,554 shares, the short-interest ratio is presently 1.3 days.

Grayscale CoinDesk Crypto 5 ETF Price Performance

NYSEARCA:GDLC traded down $0.80 during trading hours on Monday, reaching $27.96. The stock had a trading volume of 92,206 shares, compared to its average volume of 65,808. Grayscale CoinDesk Crypto 5 ETF has a 52 week low of $25.97 and a 52 week high of $61.89. The company’s 50 day moving average price is $30.80.

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA: GDLC) is an exchange-traded fund listed in the United States that provides investors with diversified exposure to a basket of major digital assets. The fund is associated with Grayscale, a digital-asset investment manager, and references the CoinDesk Crypto 5 Index as the benchmark for its composition. GDLC is intended to offer a single, tradable vehicle that simplifies access to multiple cryptocurrencies through a U.S. exchange listing rather than requiring investors to buy and store each token directly.

As an ETF product, GDLC targets allocations to a group of cryptocurrencies selected by the CoinDesk index methodology, offering a multi-asset approach to crypto exposure instead of concentrating on a single currency.