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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,281 shares, an increase of 5,722.7% from the June 15th total of 22 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 817 shares, the short-interest ratio is currently 1.6 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Down 0.6%

Shares of SPDR Galaxy Hedged Digital Asset Ecosystem ETF stock traded down $0.40 during trading hours on Friday, hitting $65.51. 320 shares of the company’s stock traded hands, compared to its average volume of 3,512. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a twelve month low of $32.84 and a twelve month high of $71.01. The stock has a 50 day simple moving average of $63.65 and a 200-day simple moving average of $50.76. The company has a market cap of $83.85 million, a PE ratio of 23.72 and a beta of 3.21.

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.