Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Drops By 35.4%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLCGet Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 12,914 shares, a decrease of 35.4% from the May 31st total of 19,992 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 55,487 shares, the short-interest ratio is presently 0.2 days.

Grayscale CoinDesk Crypto 5 ETF Stock Performance

NYSEARCA GDLC remained flat at $27.70 on Friday. The company’s stock had a trading volume of 66,047 shares, compared to its average volume of 66,999. The stock’s 50 day moving average is $31.70. Grayscale CoinDesk Crypto 5 ETF has a 52-week low of $25.97 and a 52-week high of $61.89.

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA: GDLC) is an exchange-traded fund listed in the United States that provides investors with diversified exposure to a basket of major digital assets. The fund is associated with Grayscale, a digital-asset investment manager, and references the CoinDesk Crypto 5 Index as the benchmark for its composition. GDLC is intended to offer a single, tradable vehicle that simplifies access to multiple cryptocurrencies through a U.S. exchange listing rather than requiring investors to buy and store each token directly.

As an ETF product, GDLC targets allocations to a group of cryptocurrencies selected by the CoinDesk index methodology, offering a multi-asset approach to crypto exposure instead of concentrating on a single currency.

Recommended Stories

Receive News & Ratings for Grayscale CoinDesk Crypto 5 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale CoinDesk Crypto 5 ETF and related companies with MarketBeat.com's FREE daily email newsletter.