2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Bought by VitalStone Financial LLC

VitalStone Financial LLC lifted its stake in shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) by 142.3% during the first quarter, Holdings Channel.com reports. The fund owned 1,575 shares of the company’s stock after purchasing an additional 925 shares during the period. VitalStone Financial LLC’s holdings in 2x Bitcoin Strategy ETF were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BITX. Selway Asset Management bought a new position in shares of 2x Bitcoin Strategy ETF during the 1st quarter valued at about $399,000. Kingswood Wealth Advisors LLC bought a new stake in 2x Bitcoin Strategy ETF during the fourth quarter worth approximately $470,000. Finally, Graypoint LLC acquired a new position in 2x Bitcoin Strategy ETF in the fourth quarter worth approximately $572,000.

2x Bitcoin Strategy ETF Price Performance

Shares of NYSEARCA BITX traded up $0.67 during trading on Friday, hitting $29.31. The company had a trading volume of 2,527,204 shares, compared to its average volume of 4,310,849. The business’s 50-day moving average is $39.24 and its 200 day moving average is $37.33. 2x Bitcoin Strategy ETF has a 52 week low of $9.18 and a 52 week high of $59.74.

2x Bitcoin Strategy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.9677 per share. The ex-dividend date was Wednesday, May 22nd.

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.