Short Interest in Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) Grows By 130.8%

Grayscale CoinDesk Crypto 5 ETF (NYSEARCA:GDLC) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 19,992 shares, an increase of 130.8% from the May 14th total of 8,662 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 38,008 shares, the days-to-cover ratio is presently 0.5 days.

Grayscale CoinDesk Crypto 5 ETF Price Performance

Shares of Grayscale CoinDesk Crypto 5 ETF stock opened at $28.39 on Monday. The business has a 50 day moving average of $33.20. Grayscale CoinDesk Crypto 5 ETF has a 52 week low of $26.40 and a 52 week 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.