Investors Buy Large Volume of 2x Bitcoin Strategy ETF Call Options (BATS:BITX)

2x Bitcoin Strategy ETF (BATS:BITX) was the recipient of unusually large options trading activity on Thursday. Investors purchased 18,756 call options on the company. This is an increase of 20% compared to the average volume of 15,572 call options.

Institutional Trading of 2x Bitcoin Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heritage Wealth Advisors purchased a new stake in 2x Bitcoin Strategy ETF during the fourth quarter valued at about $55,000. Root Financial Partners LLC purchased a new stake in 2x Bitcoin Strategy ETF in the first quarter worth $80,000. Captrust Financial Advisors boosted its position in 2x Bitcoin Strategy ETF by 128.4% during the 4th quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock valued at $339,000 after acquiring an additional 6,865 shares in the last quarter. Jump Financial LLC purchased a new position in shares of 2x Bitcoin Strategy ETF during the 4th quarter worth approximately $594,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 2x Bitcoin Strategy ETF by 39.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 74,003 shares of the company’s stock valued at $1,091,000 after buying an additional 21,114 shares in the last quarter.

2x Bitcoin Strategy ETF Price Performance

BATS:BITX traded up $1.54 during trading hours on Thursday, hitting $15.20. 14,936,540 shares of the company’s stock traded hands, compared to its average volume of 10,559,603. The business’s fifty day simple moving average is $12.02 and its two-hundred day simple moving average is $15.14. 2x Bitcoin Strategy ETF has a 52 week low of $10.09 and a 52 week high of $67.02.

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.