2x Bitcoin Strategy ETF (NYSEARCA:BITX) Trading Down 3.7% – Should You Sell?

2x Bitcoin Strategy ETF (NYSEARCA:BITX) shares fell 3.7% during trading on Thursday . The company traded as low as $55.73 and last traded at $55.79. 1,386,782 shares were traded during mid-day trading, a decline of 82% from the average session volume of 7,552,169 shares. The stock had previously closed at $57.92.

2x Bitcoin Strategy ETF Stock Up 8.6 %

The business’s 50 day moving average is $57.67 and its 200-day moving average is $39.61.

2x Bitcoin Strategy ETF Cuts Dividend

The company also recently announced 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 of this dividend was Monday, December 16th.

Institutional Trading of 2x Bitcoin Strategy ETF

Several institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at about $40,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in 2x Bitcoin Strategy ETF in the 4th quarter valued at about $171,000. Finally, Graypoint LLC boosted its holdings in 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 buying an additional 2,536 shares in the last quarter.

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.