2x Bitcoin Strategy ETF (BATS:BITX – Get Free Report) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 6,596,612 shares, a decline of 38.0% from the June 15th total of 10,637,446 shares. Based on an average daily trading volume, of 9,555,508 shares, the days-to-cover ratio is presently 0.7 days. Approximately 12.6% of the shares of the company are sold short.
Hedge Funds Weigh In On 2x Bitcoin Strategy ETF
Several large investors have recently bought and sold shares of BITX. Heritage Wealth Advisors bought a new stake in 2x Bitcoin Strategy ETF in the 4th quarter valued at $55,000. Root Financial Partners LLC bought a new position in shares of 2x Bitcoin Strategy ETF during the 1st quarter worth about $80,000. Captrust Financial Advisors increased its holdings in shares of 2x Bitcoin Strategy ETF by 128.4% during 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. Jump Financial LLC bought a new position in shares of 2x Bitcoin Strategy ETF during the 4th quarter worth about $594,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $1,091,000 after buying an additional 21,114 shares during the last quarter.
2x Bitcoin Strategy ETF Price Performance
BITX opened at $12.28 on Friday. 2x Bitcoin Strategy ETF has a 1-year low of $10.09 and a 1-year high of $67.92. The business has a 50 day moving average of $14.19 and a 200-day moving average of $18.09.
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.
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