Kingswood Wealth Advisors LLC Reduces Position in 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

Kingswood Wealth Advisors LLC lessened its position in shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) by 11.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 254,744 shares of the company’s stock after selling 33,368 shares during the quarter. Kingswood Wealth Advisors LLC owned about 0.47% of 2x Bitcoin Strategy ETF worth $9,038,000 as of its most recent SEC filing.

Separately, Jump Financial LLC grew its stake in shares of 2x Bitcoin Strategy ETF by 8.0% in the 4th quarter. Jump Financial LLC now owns 38,852 shares of the company’s stock valued at $2,011,000 after purchasing an additional 2,862 shares during the last quarter.

2x Bitcoin Strategy ETF Trading Down 7.5%

Shares of BITX stock opened at $52.04 on Wednesday. The business’s 50 day moving average is $48.88 and its two-hundred day moving average is $50.02. 2x Bitcoin Strategy ETF has a twelve month low of $18.95 and a twelve month high of $72.80.

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.