Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Trading Down 0.1% – Time to Sell?

Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC)’s share price traded down 0.1% on Friday . The company traded as low as $17.85 and last traded at $17.85. Approximately 210,715 shares changed hands during trading, an increase of 72% from the average session volume of 122,693 shares. The stock had previously closed at $17.86.

Roundhill Bitcoin Covered Call Strategy ETF Price Performance

The stock has a 50-day moving average of $17.62 and a 200-day moving average of $20.03.

Institutional Investors Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new position in Roundhill Bitcoin Covered Call Strategy ETF in the 4th quarter worth approximately $27,000. Simplex Trading LLC purchased a new position in Roundhill Bitcoin Covered Call Strategy ETF in the fourth quarter worth $92,000. NewEdge Advisors LLC purchased a new stake in Roundhill Bitcoin Covered Call Strategy ETF during the second quarter valued at about $712,000. Jane Street Group LLC bought a new stake in Roundhill Bitcoin Covered Call Strategy ETF during the second quarter worth about $1,148,000. Finally, IMC Chicago LLC bought a new stake in Roundhill Bitcoin Covered Call Strategy ETF during the fourth quarter worth about $863,000.

About Roundhill Bitcoin Covered Call Strategy ETF

The Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund seeks to provide current income and capped gains on ETFs holding Bitcoin futures through a synthetic covered call strategy, collateralized by US Treasurys and cash. The actively managed fund uses both standardized exchange-traded and FLEX options YBTC was launched on Jan 18, 2024 and is issued by Roundhill.