2x Bitcoin Strategy ETF (BATS:BITX) Sets New 52-Week Low – Time to Sell?

2x Bitcoin Strategy ETF (BATS:BITXGet Free Report)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $11.03 and last traded at $11.12, with a volume of 9853356 shares. The stock had previously closed at $12.43.

2x Bitcoin Strategy ETF Trading Down 13.7%

The company has a 50 day simple moving average of $17.48 and a 200 day simple moving average of $21.98.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several large investors have recently bought and sold shares of the company. Heritage Wealth Advisors purchased a new stake in shares of 2x Bitcoin Strategy ETF in the fourth quarter valued at approximately $55,000. Kingswood Wealth Advisors LLC grew its position in shares of 2x Bitcoin Strategy ETF by 1.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 234,335 shares of the company’s stock valued at $6,500,000 after purchasing an additional 2,985 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of 2x Bitcoin Strategy ETF in the first quarter valued at approximately $80,000. Captrust Financial Advisors grew its position in shares of 2x Bitcoin Strategy ETF by 128.4% in the fourth quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock valued at $339,000 after purchasing an additional 6,865 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of 2x Bitcoin Strategy ETF by 39.9% in the first quarter. EverSource Wealth Advisors LLC now owns 74,003 shares of the company’s stock valued at $1,091,000 after purchasing an additional 21,114 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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