Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Sees Large Increase in Short Interest

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 68,682 shares, an increase of 180.7% from the May 14th total of 24,465 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 40,899 shares, the days-to-cover ratio is currently 1.7 days.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Down 0.2%

Shares of NYSEARCA:RVNU traded down $0.05 during mid-day trading on Friday, hitting $25.09. The stock had a trading volume of 6,091 shares, compared to its average volume of 23,416. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 12-month low of $23.42 and a 12-month high of $25.16. The company’s 50 day moving average is $24.88 and its 200-day moving average is $24.78.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at approximately $29,000. Ascentis Independent Advisors lifted its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% in the 1st 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. Ameriprise Financial Inc. lifted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 13.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 52,941 shares of the company’s stock worth $1,270,000 after buying an additional 6,169 shares in the last quarter. Goodman Advisory Group LLC lifted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 166.4% in the 3rd quarter. Goodman Advisory Group LLC now owns 244,982 shares of the company’s stock worth $6,044,000 after buying an additional 153,032 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 531,791 shares of the company’s stock worth $13,101,000 after buying an additional 21,119 shares in the last quarter.

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.