Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Update

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 68,682 shares, an increase of 180.7% from the May 14th total of 24,465 shares. Based on an average trading volume of 40,899 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Goodman Advisory Group LLC boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% in the 3rd quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock valued at $6,044,000 after purchasing an additional 153,032 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock valued at $1,875,000 after purchasing an additional 23,047 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock valued at $13,101,000 after purchasing an additional 21,119 shares during the period. Ascentis Independent Advisors boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% in the 1st quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock valued at $583,000 after purchasing an additional 11,359 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% in the 4th quarter. NewEdge Advisors LLC now owns 2,354 shares of the company’s stock valued at $58,000 after purchasing an additional 1,186 shares during the period.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Down 0.3%

Shares of RVNU traded down $0.08 during mid-day trading on Friday, reaching $25.06. The company’s stock had a trading volume of 22,202 shares, compared to its average volume of 23,569. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12-month low of $23.42 and a 12-month high of $25.16. The company’s 50 day moving average is $24.89 and its 200 day moving average is $24.78.

About Xtrackers Municipal Infrastructure Revenue Bond ETF

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.