2x Bitcoin Strategy ETF Target of Unusually Large Options Trading (NYSEARCA:BITX)

2x Bitcoin Strategy ETF (NYSEARCA:BITX) saw unusually large options trading activity on Thursday. Stock investors bought 8,351 call options on the stock. This is an increase of 30% compared to the average volume of 6,427 call options.

Institutional Trading of 2x Bitcoin Strategy ETF

Large investors have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC boosted its holdings in shares of 2x Bitcoin Strategy ETF by 554.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 135,184 shares of the company’s stock valued at $7,199,000 after buying an additional 114,524 shares in the last quarter. Graypoint LLC bought a new position in 2x Bitcoin Strategy ETF in the 4th quarter worth about $572,000. Finally, Selway Asset Management bought a new position in 2x Bitcoin Strategy ETF in the 1st quarter worth about $399,000.

2x Bitcoin Strategy ETF Trading Up 8.5 %

NYSEARCA:BITX opened at $41.31 on Friday. The firm’s fifty day simple moving average is $44.19 and its 200 day simple moving average is $28.35. 2x Bitcoin Strategy ETF has a twelve month low of $9.18 and a twelve month high of $59.74.

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.