2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) was up 12.6% on Monday . The company traded as high as $16.09 and last traded at $16.05. Approximately 10,531,871 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 12,833,918 shares. The stock had previously closed at $14.25.
2x Bitcoin Strategy ETF Stock Performance
The firm has a 50 day simple moving average of $23.84 and a 200 day simple moving average of $38.80.
Hedge Funds Weigh In On 2x Bitcoin Strategy ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC increased its holdings in 2x Bitcoin Strategy ETF by 1.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 234,335 shares of the company’s stock valued at $6,500,000 after buying an additional 2,985 shares during the last quarter. Jump Financial LLC grew its position in shares of 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 acquiring an additional 36,362 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of 2x Bitcoin Strategy ETF by 203.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 52,889 shares of the company’s stock valued at $1,467,000 after acquiring an additional 35,432 shares during the period. Flow Traders U.S. LLC increased its stake in shares of 2x Bitcoin Strategy ETF by 14.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock worth $2,019,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in 2x Bitcoin Strategy ETF by 128.4% in the 4th quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock worth $339,000 after purchasing an additional 6,865 shares during the period.
2x Bitcoin Strategy ETF Company Profile
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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