Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Significant Decrease in Short Interest

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 15,507 shares, a decline of 27.3% from the February 26th total of 21,330 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 12,231 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of RVNU. NewEdge Advisors LLC boosted 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 acquiring an additional 1,186 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the third 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 during the last quarter. Finally, Goodman Advisory Group LLC increased 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 worth $6,044,000 after purchasing an additional 153,032 shares during the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Up 0.3%

Xtrackers Municipal Infrastructure Revenue Bond ETF stock opened at $24.50 on Tuesday. Xtrackers Municipal Infrastructure Revenue Bond ETF has a fifty-two week low of $22.51 and a fifty-two week high of $25.15. The firm’s fifty day moving average price is $24.74 and its 200-day moving average price is $24.75.

Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.0734 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, March 2nd.

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.