Shares of 2x Bitcoin Strategy ETF (BATS:BITX – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.03 and last traded at $11.12, with a volume of 9853356 shares. The stock had previously closed at $12.43.
2x Bitcoin Strategy ETF Stock Performance
The company has a 50 day simple moving average of $17.37 and a 200-day simple moving average of $21.90.
Institutional Investors Weigh In On 2x Bitcoin Strategy ETF
Several hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in 2x Bitcoin Strategy ETF by 39.9% during the first quarter. EverSource Wealth Advisors LLC now owns 74,003 shares of the company’s stock worth $1,091,000 after purchasing an additional 21,114 shares during the last quarter. Root Financial Partners LLC bought a new stake in 2x Bitcoin Strategy ETF during the first quarter worth about $80,000. Jump Financial LLC bought a new stake in 2x Bitcoin Strategy ETF during the fourth quarter worth about $594,000. Captrust Financial Advisors lifted its stake in 2x Bitcoin Strategy ETF by 128.4% during the fourth 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 last quarter. Finally, Heritage Wealth Advisors bought a new stake in 2x Bitcoin Strategy ETF during the fourth quarter worth about $55,000.
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.
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