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

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) was the target of a large decline in short interest in the month of 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 389 shares, the short-interest ratio is currently 2.0 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Trading Up 12.8%

NASDAQ HECO traded up $7.39 on Thursday, hitting $65.06. The company’s stock had a trading volume of 499 shares, compared to its average volume of 3,275. The firm has a market cap of $83.28 million, a P/E ratio of 23.72 and a beta of 3.21. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 52-week low of $32.84 and a 52-week high of $74.28. The company’s 50-day simple moving average is $65.85 and its 200 day simple moving average is $52.93.

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.