2x Bitcoin Strategy ETF (BITX) Stock Down 3.5 % After Announcing Dividend

The 2x Bitcoin Strategy ETF (BITX) gapped up prior to trading on Friday. The stock had previously closed at $41.13, but opened at $42.03.

2x Bitcoin Strategy ETF (NYSE:BITX) stock gapped up prior to trading on Friday. 2x Bitcoin Strategy ETF shares last traded at $41.76, up 1.5% from the prior closing price. The stock had previously closed at $41.13.ા Volumetrically, 428,418 shares of 2x Bitcoin Strategy ETF had traded hands by 10:02am ET on Friday. The firm's 50 day moving average is at $42.81, while its 200 day moving average is at $36.11.

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

2x Bitcoin Strategy ETF (BITX) stock price. Image Source: Investing.com

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.

News source：https://www.kdj.com/cryptocurrencies-news/articles/x-bitcoin-strategy-etf-bitx-stock-announcing-dividend.html

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