Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 4,109,730 shares changed hands during trading, a decline of 23% from the previous session’s volume of 5,302,947 shares.The stock last traded at $31.47 and had previously closed at $30.33.
2x Bitcoin Strategy ETF Price Performance
The company’s 50-day moving average is $27.36 and its two-hundred day moving average is $35.12.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC boosted its stake in 2x Bitcoin Strategy ETF by 554.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 135,184 shares of the company’s stock valued at $7,199,000 after buying an additional 114,524 shares in the last quarter. Selway Asset Management bought a new position in shares of 2x Bitcoin Strategy ETF during the 1st quarter valued at about $399,000. VitalStone Financial LLC grew its stake in shares of 2x Bitcoin Strategy ETF by 128.3% in the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock worth $114,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of 2x Bitcoin Strategy ETF in the 2nd quarter worth approximately $40,000.
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.
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