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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 634 shares, a decrease of 30.6% from the December 15th total of 914 shares. Based on an average daily volume of 561 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 561 shares, the days-to-cover ratio is presently 1.1 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Price Performance

HECO traded up $1.89 during trading on Monday, reaching $47.72. The company had a trading volume of 600 shares, compared to its average volume of 1,873. The company has a market cap of $78.26 million, a P/E ratio of 23.72 and a beta of 2.89. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 12 month low of $21.46 and a 12 month high of $47.79. The business’s fifty day moving average price is $42.58 and its 200 day moving average price is $39.92.

About SPDR Galaxy Hedged Digital Asset Ecosystem ETF

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.