Traders Buy Large Volume of 2x Bitcoin Strategy ETF Call Options (BATS:BITX)

2x Bitcoin Strategy ETF (BATS:BITX) was the target of unusually large options trading activity on Monday. Stock investors purchased 19,222 call options on the stock. This is an increase of 19% compared to the typical daily volume of 16,119 call options.

2x Bitcoin Strategy ETF Trading Up 11.6%

BATS:BITX traded up $2.18 during trading hours on Monday, reaching $20.88. The company had a trading volume of 12,975,274 shares, compared to its average volume of 10,959,854. 2x Bitcoin Strategy ETF has a twelve month low of $10.09 and a twelve month high of $67.02. The business’s 50-day simple moving average is $14.56 and its two-hundred day simple moving average is $15.27.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

A hedge fund recently bought a new stake in 2x Bitcoin Strategy ETF stock. Root Financial Partners LLC acquired a new position in shares of 2x Bitcoin Strategy ETF (BATS:BITX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,400 shares of the company’s stock, valued at approximately $80,000.

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.