STKD Bitcoin & Gold ETF (NYSEARCA:BTGD) Shares Down 11.6% – Should You Sell?

STKD Bitcoin & Gold ETF (NYSEARCA:BTGD) dropped 11.6% on Monday . The company traded as low as $32.00 and last traded at $32.29. Approximately 281,748 shares were traded during mid-day trading, an increase of 114% from the average daily volume of 131,433 shares. The stock had previously closed at $36.51.

STKD Bitcoin & Gold ETF Stock Performance

The business has a 50-day moving average of $37.14 and a 200 day moving average of $39.35.

Hedge Funds Weigh In On STKD Bitcoin & Gold ETF

A hedge fund recently bought a new stake in STKD Bitcoin & Gold ETF stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of STKD Bitcoin & Gold ETF (NYSEARCA:BTGD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,406 shares of the company’s stock, valued at approximately $48,000. Thurston Springer Miller Herd & Titak Inc. owned about 0.05% of STKD Bitcoin & Gold ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About STKD Bitcoin & Gold ETF

The STKD Bitcoin & Gold ETF (BTGD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides combined exposure to Bitcoin and gold through futures contracts and ETPs. The fund uses leverage to stack the total return of its Bitcoin holdings with the potential returns of the gold strategy. BTGD was launched on Oct 15, 2024 and is issued by Stacked.