Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Stock Short Interest Jumps 171.8%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,386 shares, an increase of 171.8% from the August 31st total of 878 shares. Based on an average trading volume of 64,776 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Up 0.2%

RVNU stock opened at $23.51 on Friday. The stock’s 50 day simple moving average is $24.40 and its 200 day simple moving average is $24.74. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12-month low of $23.38 and a 12-month high of $25.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RVNU. Confluence Investment Management LLC bought a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the second quarter valued at $1,825,000. Goodman Advisory Group LLC increased its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% in the 1st quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock worth $6,741,000 after buying an additional 28,787 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 buying an additional 21,119 shares during the last quarter. Finally, Ascentis Independent Advisors raised its position in 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 worth $583,000 after buying an additional 11,359 shares during 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.