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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 878 shares, a decline of 91.9% from the August 15th total of 10,800 shares. Based on an average daily volume of 17,260 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

Shares of RVNU traded down $0.25 during mid-day trading on Thursday, reaching $23.82. The stock had a trading volume of 95,376 shares, compared to its average volume of 23,807. The business has a fifty day moving average of $24.74 and a 200 day moving average of $24.84. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12 month low of $23.81 and a 12 month high of $25.40.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Goodman Advisory Group LLC lifted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% in the first quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock valued at $6,741,000 after acquiring an additional 28,787 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after purchasing an additional 21,119 shares in the last quarter. Confluence Investment Management LLC bought a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF during the 2nd quarter valued at approximately $1,825,000. Ameriprise Financial Inc. raised its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% during 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. Finally, NewEdge Advisors LLC lifted its holdings in 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 worth $58,000 after purchasing an additional 1,186 shares in the last quarter.

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.