Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Grows By 60.6%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 9,234 shares, a growth of 60.6% from the August 15th total of 5,749 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 45,821 shares, the short-interest ratio is presently 0.2 days.

Grayscale CoinDesk Crypto 5 ETF Price Performance

Shares of NYSEARCA GDLC traded up $0.34 during midday trading on Thursday, reaching $35.11. The company’s stock had a trading volume of 10,457 shares, compared to its average volume of 58,970. The stock has a 50 day moving average price of $31.69. Grayscale CoinDesk Crypto 5 ETF has a one year low of $25.97 and a one year high of $61.89.

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.