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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 34,211 shares, a drop of 50.2% from the May 31st total of 68,682 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 31,124 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after purchasing an additional 21,119 shares in the last quarter. Goodman Advisory Group LLC increased its position in 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 worth $6,741,000 after buying an additional 28,787 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 23,047 shares during the last quarter. Ascentis Independent Advisors lifted 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 acquiring an additional 11,359 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% during the fourth 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.

Xtrackers Municipal Infrastructure Revenue Bond ETF Price Performance

Shares of NYSEARCA RVNU traded up $0.04 during midday trading on Tuesday, hitting $25.37. 488 shares of the company’s stock were exchanged, compared to its average volume of 23,057. Xtrackers Municipal Infrastructure Revenue Bond ETF has a twelve month low of $23.42 and a twelve month high of $25.40. The firm’s fifty day simple moving average is $24.98 and its 200-day simple moving average is $24.81.

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.