Short Interest in SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Declines By 66.2%

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 397 shares, a decline of 66.2% from the May 14th total of 1,175 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Price Performance

Shares of SPDR Galaxy Hedged Digital Asset Ecosystem ETF stock traded up $0.77 on Friday, reaching $66.70. 334 shares of the company were exchanged, compared to its average volume of 3,973. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 1-year low of $28.97 and a 1-year high of $68.90. The company has a market cap of $116.06 million, a P/E ratio of 23.72 and a beta of 3.24. The stock’s 50 day moving average price is $55.15 and its 200-day moving average price is $47.33.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Company Profile

The SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation by investing in companies positioned to capitalize on opportunities within the blockchain and crypto industries, while also gaining crypto exposure through ETFs and futures contracts. The fund also uses an options overlay strategy. HECO was launched on Sep 9, 2024 and is issued by State Street.