Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Shares Down 3% – Here’s What Happened

Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC)’s stock price traded down 3% during mid-day trading on Tuesday . The stock traded as low as $17.37 and last traded at $17.59. Approximately 72,460 shares were traded during mid-day trading, a decline of 39% from the average session volume of 119,017 shares. The stock had previously closed at $18.13.

Roundhill Bitcoin Covered Call Strategy ETF Stock Performance

The business’s 50-day moving average price is $17.86 and its 200-day moving average price is $19.58.

Institutional Investors Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

A hedge fund recently bought a new position in Roundhill Bitcoin Covered Call Strategy ETF stock. Tidal Investments LLC bought a new position in shares of Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,961 shares of the company’s stock, valued at approximately $246,000. Tidal Investments LLC owned 0.31% of Roundhill Bitcoin Covered Call Strategy ETF at the end of the most recent quarter.

Roundhill Bitcoin Covered Call Strategy ETF Company Profile

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.