2x Bitcoin Strategy ETF Target of Unusually High Options Trading (NYSEARCA:BITX)

2x Bitcoin Strategy ETF (NYSEARCA:BITX) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 68,910 call options on the stock. This is an increase of approximately 127% compared to the average daily volume of 30,299 call options.

2x Bitcoin Strategy ETF Stock Performance

BITX stock opened at $59.64 on Thursday. 2x Bitcoin Strategy ETF has a 52 week low of $18.21 and a 52 week high of $64.92. The business has a fifty day simple moving average of $36.70 and a 200-day simple moving average of $35.07.

Hedge Funds Weigh In On 2x Bitcoin Strategy ETF

Large investors have recently modified their holdings of the company. Graypoint LLC increased its position in shares of 2x Bitcoin Strategy ETF by 23.1% in the third quarter. Graypoint LLC now owns 13,537 shares of the company’s stock worth $386,000 after acquiring an additional 2,536 shares in the last quarter. Hollencrest Capital Management acquired a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at $40,000. VitalStone Financial LLC raised its position in 2x Bitcoin Strategy ETF by 128.3% in the second quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock valued at $114,000 after purchasing an additional 2,020 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted 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 worth $5,264,000 after purchasing 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.