Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) traded down 4.6% during mid-day trading on Monday

The company traded as low as $57.12 and last traded at $57.86. 12399064 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 8187594 shares.

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report) traded down 4.6% during mid-day trading on Monday . The company traded as low as $57.12 and last traded at $57.86. 12,399,064 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 8,187,594 shares. The stock had previously closed at $60.65.

2x Bitcoin Strategy ETF Stock Performance

The business’s 50 day moving average price is $43.22 and its two-hundred day moving average price is $50.22.

Institutions Take a New Look at 2x Bitcoin Strategy ETF

A number of large investors have recently modified their holdings of BITX. Kingswood Wealth Advisors LLC boosted its stake in shares of 2x Bitcoin Strategy ETF by 29.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 288,112 shares of the company’s stock valued at $14,910,000 after purchasing an additional 66,398 shares in the last quarter.

Jump Financial LLC increased its stake 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 valued at $2,011,000 after purchasing an additional 2,862 shares in the last quarter.

JBF Capital Inc. bought a new stake in shares of 2x Bitcoin Strategy ETF during the fourth quarter valued at approximately $3,881,000.

Silverleafe Capital Partners LLC bought a new stake in shares of 2x Bitcoin Strategy ETF during the first quarter valued at approximately $355,000.

Finally, EverSource Wealth Advisors LLC increased its stake in shares of 2x Bitcoin Strategy ETF by 8,916.8% during the first quarter. EverSource Wealth Advisors LLC now owns 12,894 shares of the company’s stock valued at $457,000 after purchasing an additional 12,751 shares in the last quarter.

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.