2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s share price hit a new 52-week low on Thursday . The stock traded as low as $18.09 and last traded at $18.80, with a volume of 18171121 shares trading hands. The stock had previously closed at $20.46.
2x Bitcoin Strategy ETF Trading Down 8.1%
The company has a 50 day moving average of $28.92 and a two-hundred day moving average of $44.58.
Institutional Trading of 2x Bitcoin Strategy ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in BITX. Jump Financial LLC boosted its holdings in 2x Bitcoin Strategy ETF by 89.1% during the second quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock worth $4,169,000 after buying an additional 36,362 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of 2x Bitcoin Strategy ETF by 1.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 234,335 shares of the company’s stock valued at $6,500,000 after acquiring an additional 2,985 shares during the last quarter. Silverleafe Capital Partners LLC boosted its stake in shares of 2x Bitcoin Strategy ETF by 13.3% during the 3rd quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock worth $626,000 after acquiring an additional 1,331 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of 2x Bitcoin Strategy ETF in the 3rd quarter worth $28,000. Finally, Flow Traders U.S. LLC grew its holdings in shares of 2x Bitcoin Strategy ETF by 14.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock worth $2,019,000 after acquiring an additional 4,735 shares during the last quarter.
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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