Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Stock Short Interest Jumps 479.8%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 13,835 shares, an increase of 479.8% from the September 15th total of 2,386 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 60,272 shares, the days-to-cover ratio is currently 0.2 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

RVNU traded up $0.28 during trading hours on Friday, hitting $23.32. 84,112 shares of the company’s stock were exchanged, compared to its average volume of 27,552. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1-year low of $22.92 and a 1-year high of $25.40. The stock’s 50-day moving average is $24.08 and its two-hundred day moving average is $24.64.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF during the 2nd quarter worth about $1,825,000. Bank of New York Mellon Corp increased its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock valued at $13,101,000 after acquiring an additional 21,119 shares during the last quarter. Ascentis Independent Advisors increased its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% in the first 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 last quarter. Finally, Goodman Advisory Group LLC increased 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 during the last quarter.

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.