Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Increases By 60.6%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,234 shares, an increase of 60.6% from the August 15th total of 5,749 shares. Based on an average trading volume of 45,821 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Grayscale CoinDesk Crypto 5 ETF Stock Up 6.7%

Shares of GDLC opened at $37.46 on Friday. Grayscale CoinDesk Crypto 5 ETF has a one year low of $25.97 and a one year high of $61.89. The company has a 50-day simple moving average of $32.00.

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.