2x Bitcoin Strategy ETF (NYSEARCA:BITX) Stock Price Up 7.9%

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price rose 7.9% during mid-day trading on Friday . The stock traded as high as $38.44 and last traded at $37.93. Approximately 2,280,014 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 3,720,055 shares. The stock had previously closed at $35.14.

2x Bitcoin Strategy ETF Stock Up 9.1 %

The business’s 50 day moving average price is $46.37 and its 200-day moving average price is $30.77.

Institutional Trading of 2x Bitcoin Strategy ETF

A number of large investors have recently bought and sold shares of BITX. Kingswood Wealth Advisors LLC grew its stake 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 buying an additional 114,524 shares during the last quarter. Graypoint LLC acquired a new stake in 2x Bitcoin Strategy ETF during the 4th quarter valued at $572,000. Finally, Selway Asset Management bought a new position in 2x Bitcoin Strategy ETF in the 1st quarter valued at $399,000.

About 2x Bitcoin Strategy ETF

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.