Flow Traders U.S. LLC Trims Position in 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

Flow Traders U.S. LLC lowered its position in 2x Bitcoin Strategy ETF (NYSEARCA:BITX) by 59.6% in the third quarter, HoldingsChannel reports. The firm owned 25,464 shares of the company’s stock after selling 37,540 shares during the period. Flow Traders U.S. LLC’s holdings in 2x Bitcoin Strategy ETF were worth $725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Graypoint LLC raised its position in 2x Bitcoin Strategy ETF by 23.1% in the third quarter. Graypoint LLC now owns 13,537 shares of the company’s stock valued at $386,000 after purchasing an additional 2,536 shares during the period. Hollencrest Capital Management purchased a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at about $40,000. Finally, VitalStone Financial LLC lifted its position in 2x Bitcoin Strategy ETF by 128.3% in the second quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock valued at $114,000 after buying an additional 2,020 shares during the last quarter.

2x Bitcoin Strategy ETF Stock Down 0.1 %

Shares of BITX stock opened at $58.07 on Wednesday. The company has a 50-day moving average of $39.75 and a two-hundred day moving average of $35.71. 2x Bitcoin Strategy ETF has a 1-year low of $18.21 and a 1-year high of $64.92.

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.