2x Bitcoin Strategy ETF Sees Unusually Large Options Volume (NYSEARCA:BITX)

2x Bitcoin Strategy ETF (NYSEARCA:BITX) was the target of some unusual options trading activity on Monday. Investors acquired 8,686 call options on the company. This is an increase of approximately 150% compared to the average daily volume of 3,471 call options.

Institutional Trading of 2x Bitcoin Strategy ETF

A hedge fund recently bought a new stake in 2x Bitcoin Strategy ETF stock. Kingswood Wealth Advisors LLC purchased a new stake in 2x Bitcoin Strategy ETF (NYSEARCA:BITX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,660 shares of the company’s stock, valued at approximately $470,000. Kingswood Wealth Advisors LLC owned 1.14% of 2x Bitcoin Strategy ETF at the end of the most recent quarter.

2x Bitcoin Strategy ETF Price Performance

Shares of NYSEARCA BITX opened at $45.11 on Wednesday. The stock’s 50 day simple moving average is $33.34 and its 200 day simple moving average is $22.87. 2x Bitcoin Strategy ETF has a 12-month low of $9.18 and a 12-month 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.