2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down to $29.07

2x Bitcoin Strategy ETF (NYSEARCA:BITX) gapped down prior to trading on Monday . The stock had previously closed at $29.07, but opened at $27.85. 2x Bitcoin Strategy ETF shares last traded at $26.82, with a volume of 1,606,164 shares changing hands.

2x Bitcoin Strategy ETF Stock Performance

The business’s 50 day moving average price is $35.49 and its 200 day moving average price is $38.96.

2x Bitcoin Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, May 23rd were given a $0.9677 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd.

Institutional Trading of 2x Bitcoin Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Graypoint LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF during the fourth quarter worth about $572,000. Selway Asset Management purchased a new stake in 2x Bitcoin Strategy ETF during the first quarter worth $399,000. Kingswood Wealth Advisors LLC boosted its position in 2x Bitcoin Strategy ETF by 554.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 135,184 shares of the company’s stock worth $7,199,000 after purchasing an additional 114,524 shares in the last quarter. Finally, VitalStone Financial LLC grew its stake in 2x Bitcoin Strategy ETF by 142.3% in the 1st quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after acquiring an additional 925 shares during the last quarter.

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.