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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 397 shares, a drop 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 presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Down 2.0%

SPDR Galaxy Hedged Digital Asset Ecosystem ETF stock opened at $63.30 on Thursday. The company’s 50 day moving average price is $54.05 and its two-hundred day moving average price is $47.01. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 52 week low of $28.97 and a 52 week high of $68.90. The stock has a market cap of $110.14 million, a P/E ratio of 23.72 and a beta of 3.24.

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.