2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s share price fell 5.3% on Wednesday . The company traded as low as $42.43 and last traded at $42.58. 2,068,312 shares were traded during trading, a decline of 43% from the average session volume of 3,618,197 shares. The stock had previously closed at $44.94.
2x Bitcoin Strategy ETF Trading Down 3.3 %
The business has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $29.55.
Institutional Trading of 2x Bitcoin Strategy ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Selway Asset Management purchased a new stake in shares of 2x Bitcoin Strategy ETF during the 1st quarter valued at $399,000. Kingswood Wealth Advisors LLC purchased a new position in 2x Bitcoin Strategy ETF in the 4th quarter worth $470,000. Finally, Graypoint LLC purchased a new position in 2x Bitcoin Strategy ETF in the 4th 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.
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