Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Declines By 70.7%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 8,662 shares, a decline of 70.7% from the April 30th total of 29,577 shares. Based on an average daily volume of 55,912 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Grayscale CoinDesk Crypto 5 ETF Stock Down 0.1%

Shares of NYSEARCA GDLC traded down $0.04 during midday trading on Friday, hitting $32.83. The company’s stock had a trading volume of 56,028 shares, compared to its average volume of 71,009. The company’s fifty day simple moving average is $33.79. Grayscale CoinDesk Crypto 5 ETF has a one year low of $28.49 and a one year high of $61.89.

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.