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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 779 shares, a decline of 39.2% from the June 30th total of 1,281 shares. Based on an average daily trading volume, of 389 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the shares of the company are sold short.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Up 12.8%

NASDAQ:HECO traded up $7.39 on Thursday, reaching $65.06. 499 shares of the company’s stock traded hands, compared to its average volume of 3,275. The stock has a 50-day simple moving average of $65.85 and a 200-day simple moving average of $52.93. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 12 month low of $32.84 and a 12 month high of $74.28. The firm has a market cap of $83.28 million, a PE 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.