SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:DECO) Sees Large Decline in Short Interest

SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:DECO) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 770 shares, a drop of 73.9% from the June 15th total of 2,945 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,257 shares, the days-to-cover ratio is presently 0.6 days.

SPDR Galaxy Digital Asset Ecosystem ETF Trading Down 2.5%

NASDAQ DECO traded down $1.93 during trading hours on Monday, hitting $74.45. 2,036 shares of the company’s stock traded hands, compared to its average volume of 1,434. The business’s fifty day moving average price is $75.19 and its two-hundred day moving average price is $58.87. The firm has a market capitalization of $20.85 million, a P/E ratio of -21.52 and a beta of 3.65. SPDR Galaxy Digital Asset Ecosystem ETF has a 52 week low of $36.35 and a 52 week high of $84.75.

About SPDR Galaxy Digital Asset Ecosystem ETF

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.