Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) Short Interest Down 67.7% in August

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,800 shares, a decrease of 67.7% from the July 30th total of 33,421 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Xtrackers Municipal Infrastructure Revenue Bond ETF Stock Down 0.2%

Shares of Xtrackers Municipal Infrastructure Revenue Bond ETF stock traded down $0.05 during midday trading on Friday, reaching $24.56. 14,045 shares of the company’s stock traded hands, compared to its average volume of 21,988. The company’s 50 day simple moving average is $24.94 and its 200 day simple moving average is $24.88. Xtrackers Municipal Infrastructure Revenue Bond ETF has a 52 week low of $23.58 and a 52 week high of $25.40.

Hedge Funds Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Several institutional investors have recently bought and sold shares of RVNU. NewEdge Advisors LLC acquired a new stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the third quarter worth about $29,000. Ascentis Independent Advisors increased its holdings in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 92.2% during 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 during the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 valued at $1,270,000 after acquiring an additional 6,169 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF in the 2nd quarter valued at approximately $1,825,000. Finally, Goodman Advisory Group LLC raised its stake in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 11.8% in the 1st quarter. Goodman Advisory Group LLC now owns 273,644 shares of the company’s stock valued at $6,741,000 after acquiring an additional 28,787 shares in the last quarter.

About Xtrackers Municipal Infrastructure Revenue Bond ETF

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.