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

2x Bitcoin Strategy ETF (NYSEARCA:BITX) was the recipient of unusually large options trading activity on Friday. Stock traders bought 61,000 call options on the company. This is an increase of 76% compared to the typical volume of 34,753 call options.

2x Bitcoin Strategy ETF Stock Up 3.4 %

BITX stock opened at $64.62 on Friday. 2x Bitcoin Strategy ETF has a 12 month low of $18.21 and a 12 month high of $68.09. The company has a 50-day moving average price of $45.21 and a 200 day moving average price of $36.70.

2x Bitcoin Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 16th will be given a $0.5768 dividend. The ex-dividend date is Monday, December 16th.

Institutional Investors Weigh In On 2x Bitcoin Strategy ETF

Several large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in 2x Bitcoin Strategy ETF in the 2nd quarter valued at about $40,000. VitalStone Financial LLC raised its holdings in shares of 2x Bitcoin Strategy ETF by 128.3% in the 2nd 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 in the last quarter. Finally, Graypoint LLC raised its holdings in shares of 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 purchasing an additional 2,536 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.