Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Trading Down 1.7% – Time to Sell?

Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) shares fell 1.7% on Thursday . The stock traded as low as $17.46 and last traded at $17.66. Approximately 81,275 shares were traded during trading, a decline of 42% from the average daily volume of 139,712 shares. The stock had previously closed at $17.96.

Roundhill Bitcoin Covered Call Strategy ETF Price Performance

The company’s 50-day simple moving average is $20.93 and its 200 day simple moving average is $23.96.

Institutional Investors Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new stake in Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth $27,000. Mezzasalma Advisors LLC bought a new position in Roundhill Bitcoin Covered Call Strategy ETF during the fourth quarter valued at about $34,000. Painted Porch Advisors LLC lifted its position in shares of 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 buying an additional 1,186 shares during the last quarter. Simplex Trading LLC acquired a new stake in shares of Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth about $92,000. Finally, Allworth Financial LP boosted its stake in shares of Roundhill Bitcoin Covered Call Strategy ETF by 32.2% during the 3rd quarter. Allworth Financial LP now owns 2,273 shares of the company’s stock worth $102,000 after acquiring an additional 554 shares in the last quarter.

About Roundhill Bitcoin Covered Call Strategy ETF

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.