REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) Stock Price Down 2.8% – Here’s What Happened

REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) shares traded down 2.8% during trading on Thursday . The company traded as low as $22.83 and last traded at $22.96. 1,893 shares changed hands during trading, a decline of 84% from the average session volume of 11,736 shares. The stock had previously closed at $23.63.

REX Bitcoin Corporate Treasury Convertible Bond ETF Price Performance

The company has a 50-day simple moving average of $25.17 and a two-hundred day simple moving average of $27.77.

Institutional Trading of REX Bitcoin Corporate Treasury Convertible Bond ETF

A hedge fund recently bought a new stake in REX Bitcoin Corporate Treasury Convertible Bond ETF stock. Jane Street Group LLC bought a new stake in shares of REX Bitcoin Corporate Treasury Convertible Bond ETF (NASDAQ:BMAX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 730,808 shares of the company’s stock, valued at approximately $18,497,000. Jane Street Group LLC owned 243.60% of REX Bitcoin Corporate Treasury Convertible Bond ETF 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.