Traders Buy Large Volume of 2x Bitcoin Strategy ETF Call Options (BATS:BITX)

2x Bitcoin Strategy ETF (BATS:BITX) was the target of some unusual options trading on Monday. Stock traders purchased 19,222 call options on the company. This represents an increase of approximately 19% compared to the typical volume of 16,119 call options.

2x Bitcoin Strategy ETF Stock Up 11.6%

Shares of BITX stock traded up $2.18 during trading hours on Monday, reaching $20.88. The company had a trading volume of 12,975,274 shares, compared to its average volume of 10,959,854. 2x Bitcoin Strategy ETF has a 12 month low of $10.09 and a 12 month high of $67.02. The business has a fifty day simple moving average of $14.56 and a 200-day simple moving average of $15.27.

Institutional Trading of 2x Bitcoin Strategy ETF

An institutional investor recently raised its stake in 2x Bitcoin Strategy ETF stock. EverSource Wealth Advisors LLC increased its holdings in shares of 2x Bitcoin Strategy ETF (BATS:BITX) by 203.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,889 shares of the company’s stock after acquiring an additional 35,432 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.10% of 2x Bitcoin Strategy ETF worth $1,467,000 as of its most recent SEC filing.

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.