SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Short Interest Up 5,722.7% in June

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,281 shares, a growth 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 trading volume, of 817 shares, the days-to-cover ratio is presently 1.6 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Up 0.5%

Shares of NASDAQ:HECO traded up $0.31 during midday trading on Friday, reaching $66.22. 320 shares of the company were exchanged, compared to its average volume of 3,512. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.01. The stock has a fifty day simple moving average of $63.65 and a two-hundred day simple moving average of $50.76. The firm has a market cap of $84.76 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.