2x Bitcoin Strategy ETF (NYSEARCA:BITX) Sees Unusually-High Trading Volume

2x Bitcoin Strategy ETF (NYSEARCA:BITX) saw unusually-high trading volume on Friday . Approximately 3,847,330 shares traded hands during trading, a decline of 8% from the previous session’s volume of 4,178,348 shares.The stock last traded at $27.01 and had previously closed at $32.02.

2x Bitcoin Strategy ETF Stock Performance

The stock has a 50 day simple moving average of $40.06 and a two-hundred day simple moving average of $37.18.

2x Bitcoin Strategy ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 23rd were paid a $0.9677 dividend. The ex-dividend date was Wednesday, May 22nd.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Kingswood Wealth Advisors LLC increased its stake in 2x Bitcoin Strategy ETF by 554.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 135,184 shares of the company’s stock worth $7,199,000 after buying an additional 114,524 shares in the last quarter. Graypoint LLC purchased a new stake in 2x Bitcoin Strategy ETF during the 4th quarter worth approximately $572,000. Selway Asset Management purchased a new stake in 2x Bitcoin Strategy ETF during the 1st quarter worth approximately $399,000. Finally, VitalStone Financial LLC increased its stake in 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 in the last quarter.

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.