Short Interest in SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Declines By 87.0%

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 101 shares, a decline of 87.0% from the July 15th total of 779 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,055 shares, the days-to-cover ratio is presently 0.1 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Down 2.4%

NASDAQ HECO traded down $1.54 during trading on Thursday, hitting $62.91. The stock had a trading volume of 52 shares, compared to its average volume of 3,082. The company has a market capitalization of $80.53 million, a PE ratio of 23.72 and a beta of 3.24. The firm has a 50 day moving average price of $65.86 and a 200 day moving average price of $54.23. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a twelve month low of $33.71 and a twelve month 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.