2x Bitcoin Strategy ETF (BATS:BITX – Get Free Report)’s share price was down 2.9% on Thursday . The stock traded as low as $16.77 and last traded at $16.98. 9,308,734 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 10,909,823 shares. The stock had previously closed at $17.48.
2x Bitcoin Strategy ETF Trading Up 0.3%
The company’s 50-day moving average price is $14.04 and its 200-day moving average price is $15.18.
Institutional Trading of 2x Bitcoin Strategy ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in 2x Bitcoin Strategy ETF by 203.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 52,889 shares of the company’s stock valued at $1,467,000 after buying an additional 35,432 shares during the last quarter. Jump Financial LLC bought a new position in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at about $594,000. Captrust Financial Advisors grew its holdings in shares of 2x Bitcoin Strategy ETF by 128.4% in the 4th quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock valued at $339,000 after acquiring an additional 6,865 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the first quarter valued at about $80,000. Finally, Heritage Wealth Advisors acquired a new stake in shares of 2x Bitcoin Strategy ETF in the fourth quarter valued at 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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