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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 115 shares, an increase of 228.6% from the October 15th total of 35 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 123 shares, the short-interest ratio is currently 0.9 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Price Performance

NASDAQ:HECO traded down $1.15 during mid-day trading on Thursday, reaching $49.16. The stock had a trading volume of 257 shares, compared to its average volume of 2,262. The stock has a 50-day simple moving average of $58.79 and a two-hundred day simple moving average of $55.94. The stock has a market capitalization of $62.92 million, a PE ratio of 18.01 and a beta of 3.29. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 12 month low of $37.57 and a 12 month high of $74.28.

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.