2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – Here’s What Happened

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $52.62, but opened at $48.03. 2x Bitcoin Strategy ETF shares last traded at $49.25, with a volume of 3,352,882 shares traded.

2x Bitcoin Strategy ETF Stock Performance

The business has a 50 day moving average of $55.55 and a 200-day moving average of $38.86.

2x Bitcoin Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were issued a dividend of $0.5768 per share. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

A hedge fund recently raised its stake in 2x Bitcoin Strategy ETF stock. Graypoint LLC grew its stake in 2x Bitcoin Strategy ETF (NYSEARCA:BITX) by 23.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,537 shares of the company’s stock after buying an additional 2,536 shares during the period. Graypoint LLC’s holdings in 2x Bitcoin Strategy ETF were worth $386,000 at the end of the most recent reporting period.

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.