2x Bitcoin Strategy ETF (NYSEARCA:BITX) Trading Up 9.9%

2x Bitcoin Strategy ETF (NYSEARCA:BITX) shares rose 9.9% during mid-day trading on Thursday . The stock traded as high as $29.28 and last traded at $28.95. Approximately 1,639,903 shares changed hands during trading, a decline of 68% from the average daily volume of 5,105,488 shares. The stock had previously closed at $26.34.

2x Bitcoin Strategy ETF Stock Up 12.5 %

The business’s fifty day moving average is $29.37 and its two-hundred day moving average is $38.29.

Institutional Trading of 2x Bitcoin Strategy ETF

Institutional investors have recently bought and sold shares of the business. VitalStone Financial LLC raised its holdings 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 in the last quarter. Hollencrest Capital Management acquired a new stake in 2x Bitcoin Strategy ETF during the second quarter worth approximately $40,000. 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 raised its holdings in 2x Bitcoin Strategy ETF by 22.9% during the second 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 in the last quarter.

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.