2x Bitcoin Strategy ETF Target of Unusually Large Options Trading (NYSEARCA:BITX)

2x Bitcoin Strategy ETF (NYSEARCA:BITX) was the target of some unusual options trading activity on Tuesday. Stock traders bought 59,067 call options on the stock. This represents an increase of 101% compared to the typical daily volume of 29,388 call options.

2x Bitcoin Strategy ETF Trading Up 2.3%

Shares of 2x Bitcoin Strategy ETF stock opened at $59.19 on Wednesday. 2x Bitcoin Strategy ETF has a 12-month low of $18.95 and a 12-month high of $72.80. The firm’s 50-day moving average price is $43.64 and its two-hundred day moving average price is $50.29.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF during the 1st quarter worth approximately $4,202,000. Jump Financial LLC lifted its stake in 2x Bitcoin Strategy ETF by 5.0% during the 1st quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock valued at $1,448,000 after acquiring an additional 1,953 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 2x Bitcoin Strategy ETF by 8,916.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 12,894 shares of the company’s stock valued at $457,000 after acquiring an additional 12,751 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of 2x Bitcoin Strategy ETF during the 1st quarter worth $355,000. Finally, JBF Capital Inc. bought a new stake in 2x Bitcoin Strategy ETF in the 4th quarter valued at about $3,881,000.

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.