Traders Buy High Volume of Call Options on 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

2x Bitcoin Strategy ETF (NYSEARCA:BITX) was the target of some unusual options trading activity on Friday. Stock traders bought 61,000 call options on the stock. This is an increase of 76% compared to the average volume of 34,753 call options.

2x Bitcoin Strategy ETF Stock Up 3.4 %

BITX stock opened at $64.62 on Friday. The firm’s fifty day simple moving average is $45.21 and its 200-day simple moving average is $36.70. 2x Bitcoin Strategy ETF has a 12 month low of $18.21 and a 12 month high of $68.09.

2x Bitcoin Strategy ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 16th will be issued a dividend of $0.5768 per share. The ex-dividend date is Monday, December 16th.

Institutional Trading of 2x Bitcoin Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in BITX. 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 buying an additional 2,536 shares in the last quarter. VitalStone Financial LLC raised its position in 2x Bitcoin Strategy ETF by 128.3% during the second quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock worth $114,000 after acquiring an additional 2,020 shares during the period. Finally, Hollencrest Capital Management acquired a new position in 2x Bitcoin Strategy ETF during the second quarter worth $40,000.

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.