Investors Purchase High Volume of Call Options on 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

2x Bitcoin Strategy ETF (NYSEARCA:BITX) saw some unusual options trading on Thursday. Stock traders bought 8,351 call options on the stock. This is an increase of approximately 30% compared to the typical volume of 6,427 call options.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Large investors have recently made changes to their positions in the stock. Selway Asset Management acquired a new stake in 2x Bitcoin Strategy ETF during the 1st quarter valued at $399,000. Kingswood Wealth Advisors LLC acquired a new stake in 2x Bitcoin Strategy ETF during the 4th quarter valued at $470,000. Finally, Graypoint LLC acquired a new stake in 2x Bitcoin Strategy ETF during the 4th quarter valued at $572,000.

2x Bitcoin Strategy ETF Price Performance

NYSEARCA BITX opened at $42.22 on Friday. 2x Bitcoin Strategy ETF has a 12 month low of $9.18 and a 12 month high of $59.74. The stock has a 50 day moving average of $44.51 and a 200-day moving average of $28.44.

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.