SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Trading Up 1.1% – Here’s Why

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO)’s stock price was up 1.1% during trading on Friday . The company traded as high as $50.16 and last traded at $50.11. Approximately 453 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 587 shares. The stock had previously closed at $49.56.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Up 1.1%

The company has a market cap of $87.19 million, a P/E ratio of 23.72 and a beta of 3.01. The business’s 50 day moving average is $43.80 and its 200 day moving average is $43.78.

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.