Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Increases By 130.8%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 19,992 shares, a growth of 130.8% from the May 14th total of 8,662 shares. Based on an average daily trading volume, of 38,008 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Grayscale CoinDesk Crypto 5 ETF Stock Performance

Grayscale CoinDesk Crypto 5 ETF stock opened at $28.39 on Friday. Grayscale CoinDesk Crypto 5 ETF has a 52 week low of $26.40 and a 52 week high of $61.89. The stock has a 50-day simple moving average of $33.20.

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.