Hollencrest Capital Management Purchases Shares of 1,260 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

Hollencrest Capital Management acquired a new position in shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,260 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds also recently modified their holdings of the stock. VitalStone Financial LLC raised its holdings in 2x Bitcoin Strategy ETF by 142.3% during the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock worth $84,000 after acquiring an additional 925 shares in the last quarter. Selway Asset Management bought a new stake in shares of 2x Bitcoin Strategy ETF during the 1st quarter worth approximately $399,000. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of 2x Bitcoin Strategy ETF by 554.3% in 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 during the last quarter.

2x Bitcoin Strategy ETF Stock Performance

Shares of BITX opened at $28.76 on Friday. The company’s fifty day simple moving average is $29.38 and its 200 day simple moving average is $38.07. 2x Bitcoin Strategy ETF has a 1-year low of $9.98 and a 1-year high of $59.74.

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.