2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Up 6.2% – What’s Next?

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price was up 6.2% on Friday . The company traded as high as $62.53 and last traded at $62.50. Approximately 2,234,306 shares changed hands during trading, a decline of 71% from the average daily volume of 7,802,969 shares. The stock had previously closed at $58.85.

2x Bitcoin Strategy ETF Trading Up 7.6 %

The company’s 50-day moving average is $57.18 and its 200-day moving average is $39.41.

2x Bitcoin Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 16th were issued a $0.5768 dividend. The ex-dividend date was Monday, December 16th.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

A number of institutional investors have recently modified their holdings of BITX. Hollencrest Capital Management bought a new position in 2x Bitcoin Strategy ETF in the second quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at approximately $171,000. Finally, Graypoint LLC boosted its stake in shares of 2x Bitcoin Strategy ETF by 23.1% in the 3rd quarter. Graypoint LLC now owns 13,537 shares of the company’s stock valued at $386,000 after purchasing an additional 2,536 shares in the last quarter.

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.