2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) shares were up 4.8% during trading on Tuesday . The company traded as high as $28.90 and last traded at $28.86. Approximately 3,595,311 shares traded hands during trading, a decline of 58% from the average daily volume of 8,641,047 shares. The stock had previously closed at $27.53.
2x Bitcoin Strategy ETF Price Performance
The stock’s 50-day moving average is $35.84 and its 200 day moving average is $49.81.
Hedge Funds Weigh In On 2x Bitcoin Strategy ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC acquired a new position in shares of 2x Bitcoin Strategy ETF in the third quarter valued at about $28,000. Parallel Advisors LLC bought a new position in shares of 2x Bitcoin Strategy ETF in the 2nd quarter valued at $78,000. Silverleafe Capital Partners LLC increased its stake in shares of 2x Bitcoin Strategy ETF by 13.3% in the third quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock valued at $626,000 after buying an additional 1,331 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 2x Bitcoin Strategy ETF by 35.1% during the second quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock valued at $941,000 after acquiring an additional 4,521 shares during the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in 2x Bitcoin Strategy ETF by 14.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock worth $2,019,000 after buying an additional 4,735 shares during the period.
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.
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