2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up – What’s Next?

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $51.21, but opened at $54.70. 2x Bitcoin Strategy ETF shares last traded at $54.58, with a volume of 1,702,211 shares trading hands.

2x Bitcoin Strategy ETF Trading Up 7.0 %

The stock’s 50-day moving average price is $55.96 and its 200-day moving average price is $38.98.

2x Bitcoin Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were given a $0.5768 dividend. The ex-dividend date was Monday, December 16th.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in 2x Bitcoin Strategy ETF during the 4th quarter worth $171,000. Graypoint LLC grew its position in 2x Bitcoin Strategy ETF by 23.1% in the 3rd quarter. Graypoint LLC now owns 13,537 shares of the company’s stock worth $386,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at about $40,000.

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.