2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $23.36

2x Bitcoin Strategy ETF (NYSEARCA:BITX) gapped up before the market opened on Friday . The stock had previously closed at $23.36, but opened at $23.96. 2x Bitcoin Strategy ETF shares last traded at $23.32, with a volume of 1,289,674 shares changing hands.

2x Bitcoin Strategy ETF Price Performance

The firm’s fifty day simple moving average is $30.67 and its 200 day simple moving average is $39.13.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in 2x Bitcoin Strategy ETF in the second quarter valued at approximately $40,000. VitalStone Financial LLC boosted its holdings in shares of 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 purchasing an additional 925 shares during the last quarter. Selway Asset Management purchased a new stake in shares of 2x Bitcoin Strategy ETF in the first quarter valued at approximately $399,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of 2x Bitcoin Strategy ETF by 22.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 166,175 shares of the company’s stock valued at $5,264,000 after purchasing an additional 30,991 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.