2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down to $24.77

2x Bitcoin Strategy ETF (NYSEARCA:BITX) gapped down prior to trading on Wednesday . The stock had previously closed at $24.77, but opened at $23.80. 2x Bitcoin Strategy ETF shares last traded at $23.26, with a volume of 1,046,074 shares changing hands.

2x Bitcoin Strategy ETF Price Performance

The firm has a fifty day moving average of $29.71 and a 200-day moving average of $38.84.

Institutional Trading of 2x Bitcoin Strategy ETF

Several large investors have recently added to or reduced their stakes in BITX. Hollencrest Capital Management acquired a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at $40,000. VitalStone Financial LLC grew its stake in shares of 2x Bitcoin Strategy ETF by 142.3% during the first quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after acquiring an additional 925 shares in the last quarter. Selway Asset Management acquired a new stake in shares of 2x Bitcoin Strategy ETF during the first quarter valued at about $399,000. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of 2x Bitcoin Strategy ETF by 22.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 166,175 shares of the company’s stock valued at $5,264,000 after acquiring an additional 30,991 shares in the last quarter.

About 2x Bitcoin Strategy ETF

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.