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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 34,211 shares, a decline of 50.2% from the May 31st total of 68,682 shares. Based on an average daily trading volume, of 31,124 shares, the short-interest ratio is presently 1.1 days. Approximately 0.6% of the company’s stock are short sold.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

NYSEARCA RVNU traded up $0.04 during trading on Tuesday, hitting $25.37. The company’s stock had a trading volume of 488 shares, compared to its average volume of 23,057. The business’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $24.81. Xtrackers Municipal Infrastructure Revenue Bond ETF has a fifty-two week low of $23.42 and a fifty-two week high of $25.40.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

A number of institutional investors have recently added to or reduced their stakes in RVNU. Goodman Advisory Group LLC grew its position 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 valued at $6,044,000 after purchasing an additional 153,032 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings 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 worth $1,875,000 after acquiring an additional 23,047 shares during the last quarter. Bank of New York Mellon Corp boosted 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 buying an additional 21,119 shares during the period. Ascentis Independent Advisors boosted its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the 1st quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock valued at $583,000 after acquiring an additional 11,359 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% during the fourth quarter. NewEdge Advisors LLC now owns 2,354 shares of the company’s stock worth $58,000 after purchasing an additional 1,186 shares during the period.

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.