Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Significant Decline in Short Interest

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 17,103 shares, a decline of 34.0% from the November 30th total of 25,929 shares. Based on an average trading volume of 14,080 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 14,080 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the 3rd quarter worth $29,000. Ameriprise Financial Inc. lifted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the third quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock valued at $1,875,000 after buying an additional 23,047 shares during the last quarter. Goodman Advisory Group LLC lifted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% in the third quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock valued at $6,044,000 after buying an additional 153,032 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock worth $12,158,000 after buying an additional 6,041 shares during the period. Finally, OLD Mission Capital LLC increased its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 78.2% during the first quarter. OLD Mission Capital LLC now owns 21,302 shares of the company’s stock valued at $525,000 after acquiring an additional 9,347 shares during the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Up 0.0%

Shares of Xtrackers Municipal Infrastructure Revenue Bond ETF stock traded up $0.01 during trading on Tuesday, hitting $24.58. 11,262 shares of the company’s stock were exchanged, compared to its average volume of 31,923. The business has a 50-day simple moving average of $24.78 and a 200-day simple moving average of $24.30. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $22.51 and a 52-week high of $25.52.

Xtrackers Municipal Infrastructure Revenue Bond ETF Company Profile

The Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade muni bonds backed by revenue from infrastructure projects. Constituents have at least 10 years remaining to maturity. RVNU was launched on Jun 4, 2013 and is managed by Xtrackers.