2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down to $27.90

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) gapped down prior to trading on Monday . The stock had previously closed at $27.90, but opened at $26.88. 2x Bitcoin Strategy ETF shares last traded at $26.44, with a volume of 1,572,908 shares trading hands.

2x Bitcoin Strategy ETF Price Performance

The firm has a 50 day moving average price of $33.59 and a two-hundred day moving average price of $39.16.

2x Bitcoin Strategy ETF Dividend Announcement

The business also recently declared 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 was Wednesday, May 22nd.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new stake in 2x Bitcoin Strategy ETF during the second quarter worth approximately $40,000. VitalStone Financial LLC grew 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 period. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF during the first quarter worth approximately $399,000. Finally, Kingswood Wealth Advisors LLC grew its stake in 2x Bitcoin Strategy ETF by 554.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 135,184 shares of the company’s stock worth $7,199,000 after purchasing an additional 114,524 shares during the period.

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.