2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $31.56, but opened at $28.41. 2x Bitcoin Strategy ETF shares last traded at $28.27, with a volume of 3,841,043 shares.

2x Bitcoin Strategy ETF Stock Down 13.8%

The business’s fifty day moving average price is $46.95 and its 200 day moving average price is $53.63.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Highline Wealth Partners LLC acquired a new position in 2x Bitcoin Strategy ETF in the 3rd quarter worth about $28,000. Silverleafe Capital Partners LLC grew its holdings in shares of 2x Bitcoin Strategy ETF by 13.3% during the third quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock worth $626,000 after purchasing an additional 1,331 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of 2x Bitcoin Strategy ETF in the second quarter valued at approximately $78,000. Jump Financial LLC increased its stake in shares of 2x Bitcoin Strategy ETF by 5.0% in the first quarter. Jump Financial LLC now owns 40,805 shares of the company’s stock valued at $1,448,000 after buying an additional 1,953 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in 2x Bitcoin Strategy ETF by 35.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 17,415 shares of the company’s stock valued at $941,000 after buying an additional 4,521 shares during the last quarter.

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.

Featured Articles