2x Bitcoin Strategy ETF (BATS:BITX) Shares Climb 1.2% – Should You Buy?

2x Bitcoin Strategy ETF (BATS:BITX) shares were up 1.2% during mid-day trading on Monday. The company traded as high as $19.24 and last traded at $19.10. 7,400,281 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 10,891,967 shares. The stock had previously closed at $18.88.

2x Bitcoin Strategy ETF Stock Performance

The firm’s 50 day simple moving average is $17.13 and its 200 day simple moving average is $15.69.

Institutional Trading of 2x Bitcoin Strategy ETF

An institutional investor recently raised its stake in 2x Bitcoin Strategy ETF stock. EverSource Wealth Advisors LLC boosted its stake in shares of 2x Bitcoin Strategy ETF (BATS:BITX) by 39.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,003 shares of the company’s stock after buying an additional 21,114 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.14% of 2x Bitcoin Strategy ETF worth $1,091,000 as of its most recent SEC filing.

2x Bitcoin Strategy ETF Company Profile

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.