2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) shot up 4.7% on Monday . The stock traded as high as $45.09 and last traded at $44.22. 1,751,947 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 3,600,189 shares. The stock had previously closed at $42.22.
2x Bitcoin Strategy ETF Price Performance
The firm has a fifty day simple moving average of $45.41 and a two-hundred day simple moving average of $29.38.
Institutional Investors Weigh In On 2x Bitcoin Strategy ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC purchased a new stake in 2x Bitcoin Strategy ETF in the 4th quarter worth approximately $470,000. Graypoint LLC purchased a new stake in 2x Bitcoin Strategy ETF in the 4th quarter worth approximately $572,000. Finally, Selway Asset Management purchased a new stake in 2x Bitcoin Strategy ETF in the 1st quarter worth approximately $399,000.
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.
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