2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down – Here’s Why

Posted by Shelly Janes on Jan 7th, 2025

2x Bitcoin Strategy ETF (NYSEARCA:BITX – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $62.06, but opened at $60.22. 2x Bitcoin Strategy ETF shares last traded at $59.75, with a volume of 1,302,804 shares changing hands.

2x Bitcoin Strategy ETF Stock Performance

The company has a 50 day moving average price of $54.06 and a two-hundred day moving average price of $38.34.

2x Bitcoin Strategy ETF Cuts Dividend

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

Institutional Trading of 2x Bitcoin Strategy ETF

A number of institutional investors have recently made changes to their positions in BITX. Graypoint LLC raised its holdings in 2x Bitcoin Strategy ETF by 23.1% in the 3rd quarter. Graypoint LLC now owns 13,537 shares of the company’s stock valued at $386,000 after acquiring an additional 2,536 shares during the last quarter. VitalStone Financial LLC increased its holdings in shares of 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 last quarter. Finally, Hollencrest Capital Management purchased a new position in 2x Bitcoin Strategy ETF during the second quarter worth approximately $40,000.

2x Bitcoin Strategy ETF Company Profile

(Get Free Report)

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.