SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Sees Large Decrease in Short Interest

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 53 shares, a decrease of 92.4% from the January 15th total of 701 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 347 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 347 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Price Performance

Shares of NASDAQ:HECO opened at $44.07 on Wednesday. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 1-year low of $21.46 and a 1-year high of $47.79. The stock has a market cap of $73.16 million, a P/E ratio of 23.72 and a beta of 2.89. The firm has a fifty day moving average price of $43.59 and a 200 day moving average price of $41.26.

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.