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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 730 shares, a growth of 60.8% from the February 12th total of 454 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 256 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily trading volume, of 256 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.0% of the shares of the stock are short sold.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Performance

NASDAQ HECO traded down $0.05 during trading hours on Friday, reaching $42.13. The company’s stock had a trading volume of 9 shares, compared to its average volume of 727. The stock has a market cap of $69.93 million, a PE ratio of 23.72 and a beta of 2.89. 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 company’s 50-day moving average is $44.16 and its two-hundred day moving average is $42.61.

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.