2x Bitcoin Strategy ETF (BATS:BITX) Shares Up 1.1% – Should You Buy?

2x Bitcoin Strategy ETF (BATS:BITX) rose 1.1% during mid-day trading on Wednesday . The stock traded as high as $15.36 and last traded at $14.90. Approximately 8,257,187 shares were traded during trading, a decline of 37% from the average daily volume of 13,050,514 shares. The stock had previously closed at $14.74.

2x Bitcoin Strategy ETF Stock Up 1.1%

The firm’s fifty day moving average is $17.74 and its 200 day moving average is $32.78.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Highline Wealth Partners LLC acquired a new position in shares of 2x Bitcoin Strategy ETF during the 3rd quarter worth about $28,000. Heritage Wealth Advisors bought a new stake in 2x Bitcoin Strategy ETF during the 4th quarter valued at approximately $55,000. Captrust Financial Advisors grew its holdings in 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 buying an additional 6,865 shares during the last quarter. Jump Financial LLC acquired a new stake in 2x Bitcoin Strategy ETF in the 4th quarter valued at approximately $594,000. Finally, Silverleafe Capital Partners LLC increased its position in 2x Bitcoin Strategy ETF by 13.3% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 11,373 shares of the company’s stock worth $626,000 after buying an additional 1,331 shares during the period.

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.