Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Down 67.7% in August

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,800 shares, a decline of 67.7% from the July 30th total of 33,421 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of RVNU. Goodman Advisory Group LLC grew its stake in Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% during 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. Confluence Investment Management LLC purchased a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter worth approximately $1,825,000. Bank of New York Mellon Corp lifted its stake in 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 worth $13,101,000 after purchasing an additional 21,119 shares in the last quarter. Ameriprise Financial Inc. boosted 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 valued at $1,875,000 after purchasing an additional 23,047 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% during 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 in the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Shares of RVNU opened at $24.57 on Thursday. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $23.58 and a 52-week high of $25.40. The stock’s 50-day simple moving average is $24.96 and its 200 day simple moving average is $24.88.

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.