2x Bitcoin Strategy ETF (NYSEARCA:BITX) Hits New 52-Week High After Dividend Announcement

Shares of 2x Bitcoin Strategy ETF (NYSEARCA:BITX) hit a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $69.52 and last traded at $69.07, with a volume of 3178507 shares traded. The stock had previously closed at $64.04.

The newly announced dividend which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 16th were issued a $0.5768 dividend. The ex-dividend date was Monday, December 16th.

2x Bitcoin Strategy ETF Stock Performance

The stock has a 50-day simple moving average of $46.03 and a 200-day simple moving average of $36.83.

Institutional Trading of 2x Bitcoin Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in BITX. Hollencrest Capital Management purchased a new stake in shares of 2x Bitcoin Strategy ETF during the second quarter valued at approximately $40,000. VitalStone Financial LLC increased its stake in 2x Bitcoin Strategy ETF by 128.3% during the 2nd quarter. VitalStone Financial LLC now owns 3,595 shares of the company’s stock worth $114,000 after buying an additional 2,020 shares during the period. Finally, Graypoint LLC lifted 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 worth $386,000 after buying 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.