Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Update

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 21,330 shares, a growth of 62.6% from the February 12th total of 13,115 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,941 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily trading volume, of 8,941 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.4% of the shares of the stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Up 0.6%

NYSEARCA RVNU traded up $0.15 during trading on Friday, hitting $24.69. 15,008 shares of the company’s stock were exchanged, compared to its average volume of 16,512. 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 stock’s 50 day moving average price is $24.78 and its two-hundred day moving average price is $24.68.

Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 506,805 shares of the company’s stock valued at $12,158,000 after acquiring an additional 6,041 shares during the last quarter. Goodman Advisory Group LLC grew its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% during the 3rd quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock worth $6,044,000 after acquiring an additional 153,032 shares during the last quarter. Ameriprise Financial Inc. grew its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock worth $1,875,000 after acquiring an additional 23,047 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in 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 worth $58,000 after acquiring an additional 1,186 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.