Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Stock Price Down 1.7% – Should You Sell?

Shares of Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) were down 1.7% during trading on Thursday . The company traded as low as $17.46 and last traded at $17.66. 81,275 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 139,712 shares. The stock had previously closed at $17.96.

Roundhill Bitcoin Covered Call Strategy ETF Price Performance

The business’s 50-day moving average is $20.86 and its two-hundred day moving average is $23.91.

Hedge Funds Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP grew its stake in Roundhill Bitcoin Covered Call Strategy ETF by 32.2% in the third quarter. Allworth Financial LP now owns 2,273 shares of the company’s stock valued at $102,000 after acquiring an additional 554 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth about $27,000. Painted Porch Advisors LLC raised its position in shares of Roundhill Bitcoin Covered Call Strategy ETF by 237.2% during the third quarter. Painted Porch Advisors LLC now owns 1,686 shares of the company’s stock worth $76,000 after purchasing an additional 1,186 shares during the period. Simplex Trading LLC acquired a new stake in shares of Roundhill Bitcoin Covered Call Strategy ETF during the fourth quarter worth about $92,000. Finally, Claro Advisors LLC lifted its holdings in shares of Roundhill Bitcoin Covered Call Strategy ETF by 205.7% during the 3rd quarter. Claro Advisors LLC now owns 19,783 shares of the company’s stock valued at $886,000 after purchasing an additional 13,312 shares in the last 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.