REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) Shares Down 2% – Here’s Why

Shares of REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) were down 2% on Wednesday . The company traded as low as $23.57 and last traded at $23.21. Approximately 9 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,285 shares. The stock had previously closed at $23.68.

REX Bitcoin Corporate Treasury Convertible Bond ETF Price Performance

The company has a 50-day moving average price of $23.46 and a 200-day moving average price of $25.05.

Hedge Funds Weigh In On REX Bitcoin Corporate Treasury Convertible Bond ETF

A hedge fund recently raised its stake in REX Bitcoin Corporate Treasury Convertible Bond ETF stock. Jane Street Group LLC boosted its stake in REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) by 82.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,400 shares of the company’s stock after acquiring an additional 15,101 shares during the quarter. Jane Street Group LLC owned 13.36% of REX Bitcoin Corporate Treasury Convertible Bond ETF worth $770,000 as of its most recent SEC filing.

About REX Bitcoin Corporate Treasury Convertible Bond ETF

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.