STKD Bitcoin & Gold ETF (NYSEARCA:BTGD) Stock Price Down 4.8% – Here’s What Happened

STKD Bitcoin & Gold ETF (NYSEARCA:BTGD)’s stock price traded down 4.8% during mid-day trading on Wednesday . The company traded as low as $22.51 and last traded at $22.55. Approximately 373,067 shares traded hands during mid-day trading, an increase of 292% from the average daily volume of 95,205 shares. The stock had previously closed at $23.68.

STKD Bitcoin & Gold ETF Price Performance

The business has a 50 day simple moving average of $28.47 and a 200-day simple moving average of $31.71.

Institutional Investors Weigh In On STKD Bitcoin & Gold ETF

An institutional investor recently bought a new position in STKD Bitcoin & Gold ETF stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in STKD Bitcoin & Gold ETF (NYSEARCA:BTGD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,406 shares of the company’s stock, valued at approximately $48,000. Thurston Springer Miller Herd & Titak Inc. owned 0.05% of STKD Bitcoin & Gold ETF as of its most recent filing with the Securities & Exchange Commission.

STKD Bitcoin & Gold ETF Company Profile

The STKD Bitcoin & Gold ETF (BTGD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides combined exposure to Bitcoin and gold through futures contracts and ETPs. The fund uses leverage to stack the total return of its Bitcoin holdings with the potential returns of the gold strategy. BTGD was launched on Oct 15, 2024 and is issued by Stacked.