Short Interest in SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Drops By 39.2%

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 779 shares, a decrease of 39.2% from the June 30th total of 1,281 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 389 shares, the short-interest ratio is presently 2.0 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Trading Up 12.8%

Shares of HECO stock traded up $7.39 during mid-day trading on Friday, reaching $65.06. The stock had a trading volume of 148 shares, compared to its average volume of 3,253. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 12-month low of $32.84 and a 12-month high of $74.28. The company has a market cap of $83.28 million, a P/E ratio of 23.72 and a beta of 3.21. The business has a 50-day simple moving average of $65.96 and a 200 day simple moving average of $53.07.

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.