2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $31.03, but opened at $29.14. 2x Bitcoin Strategy ETF shares last traded at $28.77, with a volume of 1,444,981 shares changing hands.
2x Bitcoin Strategy ETF Price Performance
The firm has a 50-day simple moving average of $49.15 and a 200 day simple moving average of $54.24.
Hedge Funds Weigh In On 2x Bitcoin Strategy ETF
A number of institutional investors and hedge funds have recently bought and sold shares of BITX. Silverleafe Capital Partners LLC grew its position in 2x Bitcoin Strategy ETF by 13.3% in the third quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock valued at $626,000 after acquiring an additional 1,331 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of 2x Bitcoin Strategy ETF in the third quarter valued at $28,000. Jump Financial LLC grew its holdings in 2x Bitcoin Strategy ETF by 89.1% during the 2nd quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock valued at $4,169,000 after purchasing an additional 36,362 shares in the last quarter. Flow Traders U.S. LLC increased its stake in 2x Bitcoin Strategy ETF by 14.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock worth $2,019,000 after buying an additional 4,735 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in 2x Bitcoin Strategy ETF by 35.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock worth $941,000 after buying an additional 4,521 shares during the period.
About 2x Bitcoin Strategy ETF
The 2x Bitcoin Strategy ETF (BITX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures Daily Roll index. The fund aims to provide 2x the daily price movements of an index based on rolling front-month CME bitcoin futures. BITX was launched on Jun 27, 2023 and is managed by Volatility Shares.
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