2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $24.65

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $24.65, but opened at $25.82. 2x Bitcoin Strategy ETF shares last traded at $25.48, with a volume of 1,122,006 shares.

2x Bitcoin Strategy ETF Price Performance

The business has a 50-day moving average price of $29.37 and a 200-day moving average price of $38.29.

Institutional Trading of 2x Bitcoin Strategy ETF

Several large investors have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC raised its holdings in shares of 2x Bitcoin Strategy ETF by 22.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 166,175 shares of the company’s stock worth $5,264,000 after acquiring an additional 30,991 shares during the period. Selway Asset Management purchased a new position in 2x Bitcoin Strategy ETF during the first quarter worth about $399,000. VitalStone Financial LLC boosted its holdings 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 valued at $114,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of 2x Bitcoin Strategy ETF in the 2nd quarter valued at approximately $40,000.

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.