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

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

Grayscale CoinDesk Crypto 5 ETF Stock Performance

Shares of GDLC opened at $28.39 on Friday. Grayscale CoinDesk Crypto 5 ETF has a 1 year low of $26.40 and a 1 year high of $61.89. The firm has a fifty day moving average price of $33.20.

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.