2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Up to $29.79

2x Bitcoin Strategy ETF (NYSEARCA:BITX)’s share price gapped up before the market opened on Friday . The stock had previously closed at $29.79, but opened at $30.69. 2x Bitcoin Strategy ETF shares last traded at $31.33, with a volume of 4,152,771 shares.

2x Bitcoin Strategy ETF Stock Performance

The business has a 50 day moving average price of $28.91 and a 200-day moving average price of $37.52.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at $40,000. Selway Asset Management acquired a new position in 2x Bitcoin Strategy ETF in the 1st quarter valued at $399,000. VitalStone Financial LLC grew its holdings in 2x Bitcoin Strategy ETF by 142.3% in the 1st quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after buying an additional 925 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in 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 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.