2x Bitcoin Strategy ETF (NYSEARCA:BITX) Trading Up 8%

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s stock price was up 8% on Tuesday . The company traded as high as $29.64 and last traded at $29.55. Approximately 4,338,740 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 4,800,557 shares. The stock had previously closed at $27.35.

2x Bitcoin Strategy ETF Price Performance

The business’s 50-day simple moving average is $34.36 and its two-hundred day simple moving average is $38.98.

2x Bitcoin Strategy ETF Dividend Announcement

The business also recently announced 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

A number of institutional investors have recently modified their holdings of BITX. Hollencrest Capital Management acquired a new stake in shares of 2x Bitcoin Strategy ETF in the 2nd quarter valued at about $40,000. VitalStone Financial LLC raised 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 acquiring an additional 925 shares during the period. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF during the first quarter worth about $399,000. Finally, Kingswood Wealth Advisors LLC raised its stake 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 acquiring an additional 30,991 shares during the period.

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.