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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large increase in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 64,776 shares, the days-to-cover ratio is presently 0.0 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

Shares of NYSEARCA RVNU traded down $0.18 during mid-day trading on Monday, reaching $23.33. The company had a trading volume of 86,160 shares, compared to its average volume of 25,840. The company has a 50-day moving average price of $24.40 and a two-hundred day moving average price of $24.74. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1-year low of $23.20 and a 1-year high of $25.40.

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings 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 worth $13,101,000 after buying an additional 21,119 shares during the period. Goodman Advisory Group LLC raised its holdings 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 acquiring an additional 28,787 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter valued at approximately $1,825,000. Finally, Ascentis Independent Advisors lifted its position in shares of 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 valued at $583,000 after acquiring an additional 11,359 shares in 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.