Short Interest in Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Drops By 51.9%

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 24,465 shares, a decline of 51.9% from the April 30th total of 50,871 shares. Based on an average daily volume of 20,744 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Goodman Advisory Group LLC lifted its holdings in Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% in the third quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock valued at $6,044,000 after acquiring an additional 153,032 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of 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 purchasing an additional 23,047 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in 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 purchasing an additional 21,119 shares during the period. Ascentis Independent Advisors lifted its stake 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 purchasing an additional 11,359 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in 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 worth $58,000 after buying an additional 1,186 shares in the last quarter.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Performance

NYSEARCA RVNU traded up $0.02 on Tuesday, hitting $25.08. 22,931 shares of the company’s stock were exchanged, compared to its average volume of 22,542. The firm’s 50-day moving average price is $24.78 and its two-hundred day moving average price is $24.76. Xtrackers Municipal Infrastructure Revenue Bond ETF has a fifty-two week low of $23.42 and a fifty-two week high of $25.16.

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.