Short Interest in REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) Drops By 14.2%

REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 2,886 shares, a drop of 14.2% from the December 31st total of 3,363 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,804 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 3,804 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the shares of the stock are sold short.

REX Bitcoin Corporate Treasury Convertible Bond ETF Price Performance

NASDAQ:BMAX traded up $0.26 during trading hours on Tuesday, hitting $23.92. 1,557 shares of the stock were exchanged, compared to its average volume of 2,088. The firm’s fifty day moving average price is $23.81 and its 200 day moving average price is $26.43. REX Bitcoin Corporate Treasury Convertible Bond ETF has a 52-week low of $22.43 and a 52-week high of $33.20.

REX Bitcoin Corporate Treasury Convertible Bond ETF Company Profile

The REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund structured as a C-Corp, invests in OTC convertible bonds issued by US public companies that hold bitcoin on their balance sheets. The fund aims for total return, without limitations on credit quality or duration BMAX was launched on Mar 14, 2025 and is issued by REX Shares.