2x Bitcoin Strategy ETF (NYSEARCA:BITX) Sees Large Volume Increase – Here’s What Happened

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) saw an uptick in trading volume on Friday . 4,110,437 shares changed hands during trading, a decline of 38% from the previous session’s volume of 6,619,985 shares.The stock last traded at $56.07 and had previously closed at $56.30.

2x Bitcoin Strategy ETF Stock Performance

The firm’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $37.34.

2x Bitcoin Strategy ETF Cuts Dividend

The business also recently disclosed 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 was Monday, December 16th.

Institutional Trading of 2x Bitcoin Strategy ETF

Institutional investors have recently modified their holdings of the company. Graypoint LLC boosted its holdings in 2x Bitcoin Strategy ETF by 23.1% during the third quarter. Graypoint LLC now owns 13,537 shares of the company’s stock worth $386,000 after purchasing an additional 2,536 shares during the last quarter. VitalStone Financial LLC boosted its stake in shares of 2x Bitcoin Strategy ETF by 128.3% during the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock worth $114,000 after buying an additional 2,020 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of 2x Bitcoin Strategy ETF during the 2nd quarter worth about $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.