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

SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:DECO) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 214 shares, a decline of 38.0% from the December 15th total of 345 shares. Based on an average daily volume of 761 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 761 shares, the days-to-cover ratio is currently 0.3 days.

SPDR Galaxy Digital Asset Ecosystem ETF Price Performance

DECO stock traded up $2.28 during midday trading on Friday, reaching $55.31. The company had a trading volume of 4,222 shares, compared to its average volume of 2,066. The firm has a 50-day moving average price of $49.23 and a 200-day moving average price of $46.07. The company has a market capitalization of $16.04 million, a P/E ratio of -15.98 and a beta of 3.76. SPDR Galaxy Digital Asset Ecosystem ETF has a 1 year low of $20.76 and a 1 year high of $56.87.

SPDR Galaxy Digital Asset Ecosystem ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.5253 per share. The ex-dividend date was Monday, December 29th. This represents a yield of 113.0%. SPDR Galaxy Digital Asset Ecosystem ETF’s dividend payout ratio (DPR) is presently -1.44%.

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.