SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Short Interest Up 5,722.7% in June

SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,281 shares, a growth of 5,722.7% from the June 15th total of 22 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 817 shares, the short-interest ratio is presently 1.6 days.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Up 0.5%

Shares of HECO stock traded up $0.31 on Friday, reaching $66.22. The stock had a trading volume of 320 shares, compared to its average volume of 3,512. SPDR Galaxy Hedged Digital Asset Ecosystem ETF has a 12 month low of $32.84 and a 12 month high of $71.01. The firm has a market capitalization of $84.76 million, a price-to-earnings ratio of 23.72 and a beta of 3.21. The firm’s 50-day moving average is $63.65 and its two-hundred day moving average is $50.76.

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.