2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $32.99

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price gapped up prior to trading on Friday . The stock had previously closed at $32.99, but opened at $34.59. 2x Bitcoin Strategy ETF shares last traded at $35.16, with a volume of 1,539,673 shares.

2x Bitcoin Strategy ETF Price Performance

The stock’s 50 day moving average price is $37.58 and its two-hundred day moving average price is $38.47.

2x Bitcoin Strategy ETF Announces Dividend

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

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. VitalStone Financial LLC increased its holdings in 2x Bitcoin Strategy ETF by 142.3% in the 1st quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after buying an additional 925 shares during the period. Selway Asset Management bought a new stake in shares of 2x Bitcoin Strategy ETF in the 1st quarter worth about $399,000. Graypoint LLC bought a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter worth about $572,000. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of 2x Bitcoin Strategy ETF by 554.3% in the 1st 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 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.