2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s share price was down 5.3% on Wednesday . The stock traded as low as $42.43 and last traded at $42.58. Approximately 2,068,312 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 3,618,197 shares. The stock had previously closed at $44.94.
2x Bitcoin Strategy ETF Stock Performance
The company’s fifty day moving average is $45.41 and its 200-day moving average is $29.38.
Institutional Trading of 2x Bitcoin Strategy ETF
Hedge funds have recently modified their holdings of the company. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF in the first quarter valued at $399,000. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Bitcoin Strategy ETF during the 4th quarter worth approximately $470,000. Finally, Graypoint LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at $572,000.
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.
Further Reading
- Five stocks we like better than 2x Bitcoin Strategy ETF
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- High-Yield Texas Instruments Could Hit New Highs Soon
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Quiet Period Expirations Explained
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for 2x Bitcoin Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2x Bitcoin Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
