2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) shares fell 4.7% on Friday . The stock traded as low as $30.66 and last traded at $30.96. 1,885,907 shares traded hands during trading, a decline of 78% from the average session volume of 8,537,266 shares. The stock had previously closed at $32.47.
2x Bitcoin Strategy ETF Stock Down 8.0%
The business’s fifty day simple moving average is $45.17 and its 200-day simple moving average is $53.02.
Institutional Investors Weigh In On 2x Bitcoin Strategy ETF
Several large investors have recently bought and sold shares of BITX. Parallel Advisors LLC purchased a new position in shares of 2x Bitcoin Strategy ETF in the 2nd quarter worth $78,000. Kingswood Wealth Advisors LLC increased its stake in 2x Bitcoin Strategy ETF by 16.4% during the second quarter. Kingswood Wealth Advisors LLC now owns 296,454 shares of the company’s stock worth $16,014,000 after acquiring an additional 41,710 shares during the last quarter. DRW Securities LLC purchased a new stake in 2x Bitcoin Strategy ETF during the first quarter valued at approximately $4,202,000. Jump Financial LLC boosted its holdings in shares of 2x Bitcoin Strategy ETF by 5.0% in the 1st quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock worth $1,448,000 after purchasing an additional 1,953 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of 2x Bitcoin Strategy ETF by 8,916.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 12,894 shares of the company’s stock valued at $457,000 after purchasing an additional 12,751 shares during the last quarter.
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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