Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Shares Up 1% – Here’s What Happened

Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) shares shot up 1% on Friday . The stock traded as high as $17.88 and last traded at $17.77. Approximately 61,376 shares were traded during trading, a decline of 54% from the average daily volume of 133,375 shares. The stock had previously closed at $17.59.

Roundhill Bitcoin Covered Call Strategy ETF Stock Up 1.0%

The stock has a fifty day moving average of $19.46 and a 200-day moving average of $22.43.

Hedge Funds Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

A number of institutional investors have recently bought and sold shares of YBTC. Mezzasalma Advisors LLC acquired a new stake in Roundhill Bitcoin Covered Call Strategy ETF during the 4th quarter worth about $34,000. Melia Wealth LLC lifted its stake in Roundhill Bitcoin Covered Call Strategy ETF by 7.1% during the fourth quarter. Melia Wealth LLC now owns 415,210 shares of the company’s stock valued at $11,813,000 after buying an additional 27,489 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth about $4,785,000. IMC Chicago LLC acquired a new position in shares of Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth about $863,000. Finally, Brookwood Investment Group LLC purchased a new position in shares of Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth approximately $987,000.

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.