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

by · The Cerbat Gem

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $32.35, but opened at $30.69. 2x Bitcoin Strategy ETF shares last traded at $30.76, with a volume of 3,532,291 shares changing hands.

2x Bitcoin Strategy ETF Stock Performance

The company has a 50 day simple moving average of $43.33 and a 200 day simple moving average of $52.26.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC boosted its position in 2x Bitcoin Strategy ETF by 13.3% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock valued at $626,000 after buying an additional 1,331 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in 2x Bitcoin Strategy ETF during the 3rd quarter valued at approximately $28,000. Jump Financial LLC increased its holdings in 2x Bitcoin Strategy ETF by 89.1% during the 2nd quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock worth $4,169,000 after purchasing an additional 36,362 shares during the last quarter. Flow Traders U.S. LLC raised its position in shares of 2x Bitcoin Strategy ETF by 14.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock valued at $2,019,000 after purchasing an additional 4,735 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 4,521 shares in the last quarter.

2x Bitcoin Strategy ETF Company Profile

(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.

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