Shares of 2x Bitcoin Strategy ETF (BATS:BITX – Get Free Report) shot up 1.1% during trading on Wednesday . The company traded as high as $15.36 and last traded at $14.90. 8,257,187 shares changed hands during trading, a decline of 37% from the average session volume of 13,050,514 shares. The stock had previously closed at $14.74.
2x Bitcoin Strategy ETF Price Performance
The firm’s 50 day moving average price is $17.74 and its 200-day moving average price is $32.78.
Institutional Trading of 2x Bitcoin Strategy ETF
A number of hedge funds have recently bought and sold shares of BITX. Jump Financial LLC grew its holdings in shares of 2x Bitcoin Strategy ETF by 89.1% during the 2nd quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock worth $4,169,000 after purchasing an additional 36,362 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of 2x Bitcoin Strategy ETF by 203.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 52,889 shares of the company’s stock valued at $1,467,000 after purchasing an additional 35,432 shares during the period. Captrust Financial Advisors raised its stake in shares of 2x Bitcoin Strategy ETF by 128.4% in the fourth quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock valued at $339,000 after purchasing an additional 6,865 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of 2x Bitcoin Strategy ETF by 14.5% in the second quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock valued at $2,019,000 after purchasing an additional 4,735 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in 2x Bitcoin Strategy ETF by 1.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 234,335 shares of the company’s stock worth $6,500,000 after purchasing an additional 2,985 shares during the period.
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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