SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Short Interest Down 66.2% in May

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECOGet Free Report) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 397 shares, a drop of 66.2% from the May 14th total of 1,175 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Performance

NASDAQ:HECO traded up $0.77 during midday trading on Friday, reaching $66.70. 334 shares of the stock traded hands, compared to its average volume of 3,973. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 12-month low of $28.97 and a 12-month high of $68.90. The business has a 50-day moving average of $55.15 and a two-hundred day moving average of $47.33. The stock has a market capitalization of $116.06 million, a PE ratio of 23.72 and a beta of 3.24.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Company Profile

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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.

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