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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,281 shares, a growth of 5,722.7% from the June 15th total of 22 shares. Based on an average trading volume of 817 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the company’s stock are sold short.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Down 0.6%

Shares of HECO traded down $0.40 during mid-day trading on Friday, hitting $65.51. 320 shares of the company’s stock were exchanged, compared to its average volume of 3,512. The firm has a fifty day moving average of $63.65 and a two-hundred day moving average of $50.76. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a twelve month low of $32.84 and a twelve month high of $71.01. The stock has a market cap of $83.85 million, a price-to-earnings ratio of 23.72 and a beta of 3.21.

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.