2x Bitcoin Strategy ETF (NYSEARCA:BITX) Shares Gap Down to $41.16

2x Bitcoin Strategy ETF (NYSEARCA:BITX) gapped down before the market opened on Tuesday . The stock had previously closed at $41.16, but opened at $38.80. 2x Bitcoin Strategy ETF shares last traded at $38.89, with a volume of 953,976 shares.

2x Bitcoin Strategy ETF Trading Down 7.0 %

The company has a fifty day simple moving average of $42.56 and a two-hundred day simple moving average of $36.38.

2x Bitcoin Strategy ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.9677 per share. The ex-dividend date was Wednesday, May 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at about $470,000. Graypoint LLC acquired a new stake in shares of 2x Bitcoin Strategy ETF in the 4th quarter valued at about $572,000. Selway Asset Management acquired a new stake in shares of 2x Bitcoin Strategy ETF in the 1st quarter valued at about $399,000. Finally, VitalStone Financial LLC boosted its position in shares of 2x Bitcoin Strategy ETF by 142.3% in the 1st quarter. VitalStone Financial LLC now owns 1,575 shares of the company’s stock valued at $84,000 after purchasing an additional 925 shares during the period.

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.