2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s stock price dropped 7.6% during mid-day trading on Tuesday . The stock traded as low as $36.65 and last traded at $36.87. Approximately 1,508,525 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 3,623,847 shares. The stock had previously closed at $39.90.
2x Bitcoin Strategy ETF Stock Down 7.4 %
The company’s 50 day moving average is $46.17 and its 200-day moving average is $30.42.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BITX. Selway Asset Management bought a new position in 2x Bitcoin Strategy ETF in the 1st quarter valued at about $399,000. Kingswood Wealth Advisors LLC bought a new position in 2x Bitcoin Strategy ETF in the 4th quarter valued at about $470,000. Finally, Graypoint LLC bought a new position in 2x Bitcoin Strategy ETF in the 4th quarter valued at about $572,000.
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.
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