VitalStone Financial LLC Boosts Stake in 2x Bitcoin Strategy ETF (NYSEARCA:BITX)

VitalStone Financial LLC grew its stake in 2x Bitcoin Strategy ETF (NYSEARCA:BITX) by 142.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,575 shares of the company’s stock after acquiring an additional 925 shares during the quarter. VitalStone Financial LLC’s holdings in 2x Bitcoin Strategy ETF were worth $84,000 at the end of the most recent quarter.

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

2x Bitcoin Strategy ETF Stock Performance

Shares of NYSEARCA BITX traded up $0.67 during trading on Friday, reaching $29.31. 2,527,204 shares of the company traded hands, compared to its average volume of 4,310,849. 2x Bitcoin Strategy ETF has a 12-month low of $9.18 and a 12-month high of $59.74. The firm’s fifty day simple moving average is $39.24 and its 200 day simple moving average is $37.33.

2x Bitcoin Strategy ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 24th. Shareholders of record on Thursday, May 23rd were issued a $0.9677 dividend. The ex-dividend date was Wednesday, May 22nd.

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.