2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $36.01

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $36.01, but opened at $37.35. 2x Bitcoin Strategy ETF shares last traded at $36.86, with a volume of 4,452,998 shares changing hands.

2x Bitcoin Strategy ETF Stock Up 10.4 %

The business has a 50 day simple moving average of $38.55 and a 200-day simple moving average of $38.14.

2x Bitcoin Strategy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.9677 per share. The ex-dividend date of this dividend was Wednesday, May 22nd.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

Hedge funds have recently made changes to their positions in the stock. VitalStone Financial LLC increased its holdings in shares of 2x Bitcoin Strategy ETF by 142.3% during the 1st quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock worth $84,000 after buying an additional 925 shares during the last quarter. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF during the first quarter worth about $399,000. Kingswood Wealth Advisors LLC purchased a new position in shares of 2x Bitcoin Strategy ETF in the 4th quarter worth about $470,000. Finally, Graypoint LLC purchased a new stake in shares of 2x Bitcoin Strategy ETF during the 4th quarter worth about $572,000.

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.