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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 878 shares, a drop of 91.9% from the August 15th total of 10,800 shares. Based on an average trading volume of 17,260 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of Xtrackers Municipal Infrastructure Revenue Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RVNU. Confluence Investment Management LLC bought a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF during the 2nd quarter valued at about $1,825,000. Goodman Advisory Group LLC lifted its stake in 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 worth $6,741,000 after purchasing an additional 28,787 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% during the third quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock valued at $1,875,000 after buying an additional 23,047 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during 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 buying an additional 21,119 shares during the period. Finally, Ascentis Independent Advisors grew its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during the first quarter. Ascentis Independent Advisors now owns 23,676 shares of the company’s stock valued at $583,000 after buying an additional 11,359 shares during the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Down 1.0%

RVNU stock traded down $0.25 during midday trading on Thursday, reaching $23.82. 95,376 shares of the company traded hands, compared to its average volume of 23,807. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52-week low of $23.81 and a 52-week high of $25.40. The business has a 50 day moving average of $24.74 and a 200-day moving average of $24.84.

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.