2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – What’s Next?

2x Bitcoin Strategy ETF (NYSEARCA:BITX) shares gapped down before the market opened on Monday . The stock had previously closed at $50.57, but opened at $48.47. 2x Bitcoin Strategy ETF shares last traded at $49.78, with a volume of 2,607,299 shares trading hands.

2x Bitcoin Strategy ETF Stock Performance

The firm has a 50 day simple moving average of $50.49 and a two-hundred day simple moving average of $49.67.

Institutional Trading of 2x Bitcoin Strategy ETF

Several large investors have recently bought and sold shares of the business. Jump Financial LLC grew its stake in shares of 2x Bitcoin Strategy ETF by 5.0% during the first quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock worth $1,448,000 after buying an additional 1,953 shares during the last quarter. Silverleafe Capital Partners LLC acquired a new position in 2x Bitcoin Strategy ETF in the 1st quarter worth about $355,000. EverSource Wealth Advisors LLC increased its holdings in 2x Bitcoin Strategy ETF by 8,916.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 12,894 shares of the company’s stock worth $457,000 after purchasing an additional 12,751 shares in the last quarter. JBF Capital Inc. bought a new position in 2x Bitcoin Strategy ETF in the fourth quarter valued at about $3,881,000. Finally, DRW Securities LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF during the first quarter valued at about $4,202,000.

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.