Short Interest in SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Expands By 60.8%

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 730 shares, a growth of 60.8% from the February 12th total of 454 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 256 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily volume of 256 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.0% of the company’s stock are short sold.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Price Performance

Shares of NASDAQ HECO traded down $0.05 during midday trading on Friday, hitting $42.13. The company’s stock had a trading volume of 9 shares, compared to its average volume of 727. The firm has a market capitalization of $69.93 million, a price-to-earnings ratio of 23.72 and a beta of 2.89. The business’s fifty day simple moving average is $44.16 and its two-hundred day simple moving average is $42.61. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 1 year low of $21.46 and a 1 year high of $47.79.

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.