2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up – Here’s Why

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) gapped up prior to trading on Tuesday . The stock had previously closed at $52.18, but opened at $56.61. 2x Bitcoin Strategy ETF shares last traded at $57.43, with a volume of 3,731,393 shares traded.

2x Bitcoin Strategy ETF Trading Up 11.0 %

The firm has a fifty day simple moving average of $49.25 and a 200 day simple moving average of $37.31.

2x Bitcoin Strategy ETF Cuts Dividend

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

Institutional Trading of 2x Bitcoin Strategy ETF

Institutional investors have recently modified their holdings of the company. Graypoint LLC raised its stake in 2x Bitcoin Strategy ETF by 23.1% in the third quarter. Graypoint LLC now owns 13,537 shares of the company’s stock valued at $386,000 after buying an additional 2,536 shares during the last quarter. VitalStone Financial LLC boosted its stake in 2x Bitcoin Strategy ETF by 128.3% in the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock worth $114,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in 2x Bitcoin Strategy ETF during the 2nd quarter worth approximately $40,000.

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.