2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – What’s Next?

2x Bitcoin Strategy ETF (NYSEARCA:BITX) shares gapped down before the market opened on Friday . The stock had previously closed at $16.64, but opened at $15.54. 2x Bitcoin Strategy ETF shares last traded at $15.30, with a volume of 4,216,044 shares traded.

2x Bitcoin Strategy ETF Stock Performance

The firm has a 50 day moving average price of $22.66 and a 200 day moving average price of $37.40.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Jump Financial LLC raised its stake in 2x Bitcoin Strategy ETF by 89.1% in the second quarter. Jump Financial LLC now owns 77,167 shares of the company’s stock worth $4,169,000 after buying an additional 36,362 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in 2x Bitcoin Strategy ETF by 203.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 52,889 shares of the company’s stock valued at $1,467,000 after acquiring an additional 35,432 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of 2x Bitcoin Strategy ETF by 128.4% in the 4th quarter. Captrust Financial Advisors now owns 12,212 shares of the company’s stock valued at $339,000 after acquiring an additional 6,865 shares during the period. Flow Traders U.S. LLC raised its position in shares of 2x Bitcoin Strategy ETF by 14.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 37,381 shares of the company’s stock worth $2,019,000 after acquiring an additional 4,735 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in shares of 2x Bitcoin Strategy ETF by 1.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 234,335 shares of the company’s stock worth $6,500,000 after acquiring an additional 2,985 shares in the last quarter.

2x Bitcoin Strategy ETF Company Profile

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.