Short Interest in SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Drops By 87.0%

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 101 shares, a drop of 87.0% from the July 15th total of 779 shares. Based on an average daily volume of 1,055 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Price Performance

Shares of HECO traded up $0.00 during mid-day trading on Wednesday, hitting $62.91. The stock had a trading volume of 117 shares, compared to its average volume of 3,122. The firm has a market cap of $80.53 million, a P/E ratio of 23.72 and a beta of 3.24. The business has a fifty day moving average price of $65.96 and a 200-day moving average price of $54.12. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 52 week low of $33.71 and a 52 week high of $74.28.

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.