2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $24.65

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $24.65, but opened at $25.82. 2x Bitcoin Strategy ETF shares last traded at $25.48, with a volume of 1,122,006 shares.

2x Bitcoin Strategy ETF Trading Up 10.0 %

The stock has a 50-day moving average price of $29.48 and a two-hundred day moving average price of $38.51.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Selway Asset Management acquired a new stake in shares of 2x Bitcoin Strategy ETF in the first quarter valued at $399,000. VitalStone Financial LLC increased its stake in 2x Bitcoin Strategy ETF by 142.3% during the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after purchasing an additional 925 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in 2x Bitcoin Strategy ETF by 554.3% during the 1st 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 period. Finally, Hollencrest Capital Management acquired a new position in 2x Bitcoin Strategy ETF in the second quarter worth approximately $40,000.

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.