2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) was the target of unusually large options trading activity on Thursday. Traders bought 68,910 call options on the company. This is an increase of 127% compared to the typical daily volume of 30,299 call options.
Hedge Funds Weigh In On 2x Bitcoin Strategy ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in shares of 2x Bitcoin Strategy ETF during the second quarter worth approximately $40,000. Graypoint LLC boosted its stake in 2x Bitcoin Strategy ETF by 23.1% during the 3rd quarter. Graypoint LLC now owns 13,537 shares of the company’s stock valued at $386,000 after acquiring an additional 2,536 shares during the last quarter. VitalStone Financial LLC boosted its stake in 2x Bitcoin Strategy ETF by 128.3% during the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock valued at $114,000 after acquiring an additional 2,020 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in shares of 2x Bitcoin Strategy ETF by 22.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 166,175 shares of the company’s stock worth $5,264,000 after purchasing an additional 30,991 shares during the last quarter.
2x Bitcoin Strategy ETF Stock Performance
Shares of BITX stock opened at $59.64 on Thursday. The firm has a fifty day simple moving average of $36.70 and a 200-day simple moving average of $35.07. 2x Bitcoin Strategy ETF has a twelve month low of $18.21 and a twelve month high of $64.92.
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.
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