Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Large Decline in Short Interest

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

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

NYSEARCA:RVNU opened at $24.57 on Thursday. The business has a 50 day moving average of $24.96 and a 200 day moving average of $24.88. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1-year low of $23.58 and a 1-year high of $25.40.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF during the third quarter valued at about $29,000. Ascentis Independent Advisors boosted its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the 1st 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 period. Ameriprise Financial Inc. grew its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 13.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 52,941 shares of the company’s stock worth $1,270,000 after acquiring an additional 6,169 shares during the last quarter. Confluence Investment Management LLC purchased a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter worth approximately $1,825,000. Finally, Goodman Advisory Group LLC boosted its stake in shares of 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 purchasing an additional 28,787 shares during the period.

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.