2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Down 5.5%

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price traded down 5.5% during mid-day trading on Thursday . The company traded as low as $34.12 and last traded at $34.13. 1,099,937 shares were traded during trading, a decline of 75% from the average session volume of 4,484,638 shares. The stock had previously closed at $36.12.

2x Bitcoin Strategy ETF Stock Down 3.5 %

The firm’s 50 day simple moving average is $38.68 and its 200 day simple moving average is $38.16.

2x Bitcoin Strategy ETF Announces Dividend

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

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BITX. VitalStone Financial LLC increased its stake in shares of 2x Bitcoin Strategy ETF by 142.3% during the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after acquiring an additional 925 shares during the period. Selway Asset Management bought a new stake in shares of 2x Bitcoin Strategy ETF in the 1st quarter worth $399,000. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter worth $470,000. Finally, Graypoint LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF during the fourth quarter worth $572,000.

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.