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

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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Trading Up 4.1%

NASDAQ:HECO traded up $1.89 during mid-day trading on Monday, hitting $47.72. The stock had a trading volume of 600 shares, compared to its average volume of 1,873. The stock has a 50-day simple moving average of $42.58 and a two-hundred day simple moving average of $39.92. The company has a market capitalization of $78.26 million, a PE ratio of 23.72 and a beta of 2.89. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a twelve month low of $21.46 and a twelve month high of $47.79.

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.