Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) Stock Falls 2.7% – Here’s What Happened

Shares of Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) fell 2.7% on Wednesday. The company traded as low as $18.84 and last traded at $18.95. 100,704 shares changed hands during trading, a decline of 13% from the average session volume of 115,653 shares. The stock had previously closed at $19.48.

Roundhill Bitcoin Covered Call Strategy ETF Stock Up 0.7%

The business has a 50 day moving average price of $18.25 and a 200 day moving average price of $19.28.

Institutional Investors Weigh In On Roundhill Bitcoin Covered Call Strategy ETF

A hedge fund recently bought a new position in Roundhill Bitcoin Covered Call Strategy ETF stock. Tidal Investments LLC acquired a new position in Roundhill Bitcoin Covered Call Strategy ETF (BATS:YBTC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,961 shares of the company’s stock, valued at approximately $246,000. Tidal Investments LLC owned approximately 0.31% of Roundhill Bitcoin Covered Call Strategy ETF at the end of the most recent reporting period.

Roundhill Bitcoin Covered Call Strategy ETF Company Profile

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.