Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Trading Down 0.1% – Should You Sell?

Shares of Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) fell 0.1% during mid-day trading on Tuesday . The company traded as low as $21.51 and last traded at $21.56. 77,691 shares traded hands during trading, a decline of 47% from the average session volume of 145,942 shares. The stock had previously closed at $21.58.

Roundhill Bitcoin Covered Call Strategy ETF Trading Down 0.1%

The business’s fifty day simple moving average is $21.88 and its 200-day simple moving average is $25.70.

Institutional Investors Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of YBTC. Allworth Financial LP increased its holdings in shares of Roundhill Bitcoin Covered Call Strategy ETF by 32.2% in the third quarter. Allworth Financial LP now owns 2,273 shares of the company’s stock worth $102,000 after purchasing an additional 554 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth $27,000. Painted Porch Advisors LLC grew its position in Roundhill Bitcoin Covered Call Strategy ETF by 237.2% in the third quarter. Painted Porch Advisors LLC now owns 1,686 shares of the company’s stock worth $76,000 after acquiring an additional 1,186 shares in the last quarter. Simplex Trading LLC purchased a new position in Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth $92,000. Finally, Claro Advisors LLC grew its position in Roundhill Bitcoin Covered Call Strategy ETF by 205.7% in the third quarter. Claro Advisors LLC now owns 19,783 shares of the company’s stock worth $886,000 after acquiring an additional 13,312 shares in the last quarter.

Roundhill Bitcoin Covered Call Strategy ETF Company Profile

The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to provide current income and capped gains on ETFs holding Bitcoin futures through a synthetic covered call strategy, collateralized by US Treasurys and cash. The actively managed fund uses both standardized exchange-traded and FLEX options YBTC was launched on Jan 18, 2024 and is issued by Roundhill.