Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Short Interest Up 331.1% in June

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 55,668 shares, a growth of 331.1% from the June 15th total of 12,914 shares. Based on an average daily volume of 41,554 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s stock are short sold.

Grayscale CoinDesk Crypto 5 ETF Stock Up 1.2%

Shares of Grayscale CoinDesk Crypto 5 ETF stock traded up $0.34 during mid-day trading on Friday, hitting $28.76. 19,410 shares of the stock were exchanged, compared to its average volume of 65,605. Grayscale CoinDesk Crypto 5 ETF has a 12 month low of $25.97 and a 12 month high of $61.89. The firm’s 50-day moving average is $30.93.

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA: GDLC) is an exchange-traded fund listed in the United States that provides investors with diversified exposure to a basket of major digital assets. The fund is associated with Grayscale, a digital-asset investment manager, and references the CoinDesk Crypto 5 Index as the benchmark for its composition. GDLC is intended to offer a single, tradable vehicle that simplifies access to multiple cryptocurrencies through a U.S. exchange listing rather than requiring investors to buy and store each token directly.

As an ETF product, GDLC targets allocations to a group of cryptocurrencies selected by the CoinDesk index methodology, offering a multi-asset approach to crypto exposure instead of concentrating on a single currency.