SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Sees Large Drop in Short Interest

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 22 shares, a decrease of 94.5% from the May 31st total of 397 shares. Based on an average trading volume of 103,387 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Performance

NASDAQ HECO traded down $0.13 during mid-day trading on Thursday, reaching $66.87. 2,533 shares of the stock were exchanged, compared to its average volume of 3,773. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 1-year low of $31.71 and a 1-year high of $71.01. The business’s fifty day simple moving average is $59.84 and its 200 day simple moving average is $48.96. The stock has a market capitalization of $116.35 million, a PE ratio of 23.72 and a beta of 3.24.

About SPDR Galaxy Hedged Digital Asset Ecosystem ETF

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.