2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – Should You Sell?

2x Bitcoin Strategy ETF (NYSEARCA:BITX) shares gapped down before the market opened on Tuesday . The stock had previously closed at $40.91, but opened at $37.77. 2x Bitcoin Strategy ETF shares last traded at $37.66, with a volume of 2,194,583 shares traded.

2x Bitcoin Strategy ETF Trading Up 5.5 %

The firm’s 50-day simple moving average is $54.52 and its 200 day simple moving average is $44.55.

2x Bitcoin Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 16th were paid a dividend of $0.5768 per share. The ex-dividend date was Monday, December 16th.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Large investors have recently bought and sold shares of the company. Graypoint LLC boosted its position in shares of 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 purchasing an additional 2,536 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in 2x Bitcoin Strategy ETF during the fourth quarter worth about $171,000. Kingswood Wealth Advisors LLC increased its holdings in shares of 2x Bitcoin Strategy ETF by 29.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 288,112 shares of the company’s stock worth $14,910,000 after acquiring an additional 66,398 shares in the last quarter. Jump Financial LLC raised its position in shares of 2x Bitcoin Strategy ETF by 8.0% during the fourth quarter. Jump Financial LLC now owns 38,852 shares of the company’s stock worth $2,011,000 after purchasing an additional 2,862 shares during the period. Finally, JBF Capital Inc. acquired a new stake in shares of 2x Bitcoin Strategy ETF during the fourth quarter worth about $3,881,000.

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.