2x Bitcoin Strategy ETF (NYSEARCA:BITX) Sees Strong Trading Volume – Should You Buy?

2x Bitcoin Strategy ETF (NYSEARCA:BITX) saw unusually-strong trading volume on Friday . Approximately 4,110,437 shares traded hands during trading, a decline of 38% from the previous session’s volume of 6,619,985 shares.The stock last traded at $56.07 and had previously closed at $56.30.

2x Bitcoin Strategy ETF Trading Up 1.4 %

The stock’s fifty day moving average price is $48.24 and its 200-day moving average price is $37.33.

2x Bitcoin Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 16th were paid a dividend of $0.5768 per share. The ex-dividend date was Monday, December 16th.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management acquired a new position in shares of 2x Bitcoin Strategy ETF during the second quarter worth $40,000. Graypoint LLC boosted its stake in 2x Bitcoin Strategy ETF by 23.1% during the 3rd quarter. Graypoint LLC now owns 13,537 shares of the company’s stock worth $386,000 after purchasing an additional 2,536 shares during the period. Finally, VitalStone Financial LLC increased its position in 2x Bitcoin Strategy ETF by 128.3% in the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock valued at $114,000 after acquiring an additional 2,020 shares during the period.

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.