2x Bitcoin Strategy ETF (NYSEARCA:BITX) Sets New 52-Week High After Dividend Announcement

2x Bitcoin Strategy ETF (NYSEARCA:BITX) shares hit a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $69.52 and last traded at $69.07, with a volume of 3178507 shares. The stock had previously closed at $64.04.

The newly announced dividend which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 16th will be paid a $0.5768 dividend. The ex-dividend date of this dividend is Monday, December 16th.

2x Bitcoin Strategy ETF Stock Up 8.4 %

The stock has a fifty day moving average price of $45.21 and a two-hundred day moving average price of $36.66.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new stake in shares of 2x Bitcoin Strategy ETF in the 2nd quarter worth approximately $40,000. VitalStone Financial LLC increased its stake in 2x Bitcoin Strategy ETF by 128.3% in the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock worth $114,000 after buying an additional 2,020 shares in the last quarter. Finally, Graypoint LLC increased its stake in 2x Bitcoin Strategy ETF by 23.1% in the 3rd quarter. Graypoint LLC now owns 13,537 shares of the company’s stock worth $386,000 after buying an additional 2,536 shares in the last quarter.

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.