SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) Stock Price Down 2% – Here’s Why

Shares of SPDR Galaxy Hedged Digital Asset Ecosystem ETF (NASDAQ:HECO) traded down 2% during trading on Wednesday . The company traded as low as $43.67 and last traded at $40.48. 64 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 596 shares. The stock had previously closed at $41.30.

SPDR Galaxy Hedged Digital Asset Ecosystem ETF Stock Performance

The firm has a market capitalization of $66.79 million, a P/E ratio of 23.72 and a beta of 3.26. The stock’s 50 day simple moving average is $42.52 and its 200 day simple moving average is $43.20.

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.