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

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,009 shares, a decline of 94.0% from the October 15th total of 33,284 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 37,975 shares, the short-interest ratio is currently 0.1 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Down 0.7%

NYSEARCA RVNU traded down $0.17 during trading on Thursday, reaching $23.81. 4,172 shares of the company’s stock were exchanged, compared to its average volume of 27,944. The company has a 50 day moving average price of $23.65 and a two-hundred day moving average price of $24.55. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1 year low of $22.92 and a 1 year high of $25.40.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new position in Xtrackers Municipal Infrastructure Revenue Bond ETF in the second quarter valued at approximately $1,825,000. Bank of New York Mellon Corp raised its holdings in 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 worth $13,101,000 after purchasing an additional 21,119 shares in the last quarter. Finally, Centennial Bank AR acquired a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at $130,000.

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.