2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Down 4.2%

Posted by Max Byerly on Jul 4th, 2024

2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) shares fell 4.2% during mid-day trading on Tuesday . The stock traded as low as $33.57 and last traded at $33.61. 1,734,380 shares were traded during mid-day trading, a decline of 58% from the average session volume of 4,160,520 shares. The stock had previously closed at $35.09.

2x Bitcoin Strategy ETF Price Performance

The firm has a 50 day moving average price of $40.26 and a 200-day moving average price of $37.22.

2x Bitcoin Strategy ETF Announces Dividend

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

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several institutional investors have recently added to or reduced their stakes in BITX. VitalStone Financial LLC lifted its stake in 2x Bitcoin Strategy ETF by 142.3% during the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock worth $84,000 after purchasing an additional 925 shares during the last quarter. Selway Asset Management acquired a new position in 2x Bitcoin Strategy ETF during the first quarter worth approximately $399,000. Kingswood Wealth Advisors LLC acquired a new position 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 during the fourth quarter worth approximately $572,000.

About 2x Bitcoin Strategy ETF

(Get Free Report)

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.