2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $31.68

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $31.68, but opened at $34.77. 2x Bitcoin Strategy ETF shares last traded at $34.53, with a volume of 868,861 shares trading hands.

2x Bitcoin Strategy ETF Price Performance

The stock has a 50-day simple moving average of $40.87 and a 200-day simple moving average of $37.10.

2x Bitcoin Strategy ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 24th. Investors of record on Thursday, May 23rd were issued a dividend of $0.9677 per share. The ex-dividend date of this dividend was Wednesday, May 22nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. VitalStone Financial LLC raised its stake in shares of 2x Bitcoin Strategy ETF by 142.3% during the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after acquiring an additional 925 shares during the last quarter. Selway Asset Management acquired a new position in 2x Bitcoin Strategy ETF during the 1st quarter worth about $399,000. Kingswood Wealth Advisors LLC bought a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at about $470,000. Finally, Graypoint LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the fourth 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.