SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:DECO) Short Interest Up 75.5% in May

SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:DECO) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,698 shares, a growth of 75.5% from the April 30th total of 1,537 shares. Based on an average daily volume of 731 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.9% of the shares of the company are short sold.

SPDR Galaxy Digital Asset Ecosystem ETF Price Performance

NASDAQ:DECO traded up $3.02 during trading hours on Tuesday, reaching $81.86. The company had a trading volume of 4,413 shares, compared to its average volume of 1,288. SPDR Galaxy Digital Asset Ecosystem ETF has a 1-year low of $29.88 and a 1-year high of $82.25. The firm has a market cap of $24.56 million, a PE ratio of -23.66 and a beta of 3.68. The business’s 50 day moving average price is $58.22 and its 200-day moving average price is $52.52.

SPDR Galaxy Digital Asset Ecosystem ETF Company Profile

The SPDR Galaxy Digital Asset Ecosystem ETF (DECO) 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. DECO was launched on Sep 9, 2024 and is issued by State Street.