Short Interest in Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Increases By 55.1%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 30,740 shares, a growth of 55.1% from the January 15th total of 19,821 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 17,774 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 17,774 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.6% of the shares of the company are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

NYSEARCA RVNU traded up $0.05 during trading hours on Monday, reaching $24.90. 21,709 shares of the company were exchanged, compared to its average volume of 20,244. The business’s 50 day simple moving average is $24.68 and its 200-day simple moving average is $24.53. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1 year low of $22.51 and a 1 year high of $25.52.

Xtrackers Municipal Infrastructure Revenue Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were given a dividend of $0.0767 per share. This is an increase from Xtrackers Municipal Infrastructure Revenue Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Large investors have recently made changes to their positions in the business. Goodman Advisory Group LLC lifted its stake in shares of 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 worth $6,044,000 after buying an additional 153,032 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 worth $1,875,000 after purchasing an additional 23,047 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock worth $12,158,000 after purchasing an additional 6,041 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the 3rd quarter valued at about $29,000.

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.