REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) Sees Large Drop in Short Interest

REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) was the target of a large drop in short interest in the month of 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. Based on an average daily volume of 3,804 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 3,804 shares, the days-to-cover ratio is currently 0.8 days.

REX Bitcoin Corporate Treasury Convertible Bond ETF Stock Performance

BMAX opened at $23.44 on Wednesday. The stock has a fifty day moving average of $23.81 and a 200-day moving average of $26.37. REX Bitcoin Corporate Treasury Convertible Bond ETF has a 12-month low of $22.43 and a 12-month 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.