SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 35 shares, a drop of 63.5% from the September 30th total of 96 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 133 shares, the days-to-cover ratio is currently 0.3 days.
SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Up 3.0%
HECO stock traded up $1.53 during mid-day trading on Thursday, reaching $52.98. 41 shares of the company traded hands, compared to its average volume of 2,359. The stock has a market cap of $67.81 million, a price-to-earnings ratio of 23.72 and a beta of 3.15. The firm’s 50 day moving average price is $61.32 and its 200 day moving average price is $55.76. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a fifty-two week low of $37.57 and a fifty-two week high of $74.28.
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.
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