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 drop in short interest during the month of March. As of March 13th, there was short interest totaling 15,507 shares, a drop of 27.3% from the February 26th total of 21,330 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 12,231 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Goodman Advisory Group LLC boosted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% during the third 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. raised its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 43.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 75,988 shares of the company’s stock valued at $1,875,000 after acquiring an additional 23,047 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 101.5% in the 4th 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 Trading Up 0.3%

RVNU stock traded up $0.08 during trading on Monday, hitting $24.50. The stock had a trading volume of 3,624 shares, compared to its average volume of 15,872. The company’s 50 day moving average price is $24.74 and its two-hundred day moving average price is $24.75. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 1-year low of $22.51 and a 1-year high of $25.15.

Xtrackers Municipal Infrastructure Revenue Bond ETF Cuts Dividend

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

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.