2x Bitcoin Strategy ETF Sees Unusually High Options Volume (BATS:BITX)

2x Bitcoin Strategy ETF (BATS:BITX) saw some unusual options trading activity on Thursday. Investors acquired 18,756 call options on the stock. This is an increase of approximately 20% compared to the average daily volume of 15,572 call options.

2x Bitcoin Strategy ETF Price Performance

BATS BITX traded up $1.54 during trading hours on Thursday, hitting $15.20. The company’s stock had a trading volume of 14,936,540 shares, compared to its average volume of 10,559,603. 2x Bitcoin Strategy ETF has a 12 month low of $10.09 and a 12 month high of $67.02. The company’s 50 day simple moving average is $12.02 and its two-hundred day simple moving average is $15.14.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Heritage Wealth Advisors bought a new position in shares of 2x Bitcoin Strategy ETF in the fourth quarter worth about $55,000. Root Financial Partners LLC purchased a new stake in shares of 2x Bitcoin Strategy ETF during the first quarter worth about $80,000. Captrust Financial Advisors raised its stake in 2x Bitcoin Strategy ETF by 128.4% during the 4th quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock valued at $339,000 after purchasing an additional 6,865 shares during the period. Jump Financial LLC purchased a new position in 2x Bitcoin Strategy ETF in the 4th quarter worth approximately $594,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in 2x Bitcoin Strategy ETF by 39.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 74,003 shares of the company’s stock worth $1,091,000 after purchasing an additional 21,114 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.