Short Interest in SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Decreases By 30.6%

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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Trading Up 4.1%

Shares of HECO traded up $1.89 during mid-day trading on Friday, hitting $47.72. 600 shares of the company’s stock were exchanged, compared to its average volume of 1,873. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a fifty-two week low of $21.46 and a fifty-two week high of $47.79. The business’s 50 day moving average is $42.58 and its two-hundred day moving average is $39.88. The firm has a market capitalization of $78.26 million, a P/E ratio of 23.72 and a beta of 2.89.

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.