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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 68,682 shares, an increase of 180.7% from the May 14th total of 24,465 shares. Based on an average daily trading volume, of 40,899 shares, the short-interest ratio is currently 1.7 days. Currently, 1.3% of the shares of the stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

NYSEARCA:RVNU traded down $0.08 during trading hours on Friday, hitting $25.06. 22,202 shares of the stock were exchanged, compared to its average volume of 23,569. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $23.42 and a 52-week high of $25.16. The firm’s fifty day moving average price is $24.89 and its 200 day moving average price is $24.78.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew 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 purchasing an additional 21,119 shares in the last quarter. Goodman Advisory Group LLC grew 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 purchasing an additional 28,787 shares in the last quarter. Ameriprise Financial Inc. grew 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 valued at $1,875,000 after purchasing an additional 23,047 shares in the last quarter. Ascentis Independent Advisors grew 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 purchasing an additional 11,359 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% in the fourth 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.

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.