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

by · The Cerbat Gem

Xtrackers Municipal Infrastructure Revenue Bond ETF (NYSEARCA:RVNU – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 24,465 shares, a decrease of 51.9% from the April 30th total of 50,871 shares. Based on an average trading volume of 20,744 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Xtrackers Municipal Infrastructure Revenue Bond ETF

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new stake in Xtrackers Municipal Infrastructure Revenue Bond ETF in the 3rd quarter valued at $29,000. Ascentis Independent Advisors raised its stake in 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 worth $583,000 after purchasing an additional 11,359 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings 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 valued at $1,270,000 after purchasing an additional 6,169 shares during the period. Goodman Advisory Group LLC boosted its holdings 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 valued at $6,044,000 after purchasing an additional 153,032 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Xtrackers Municipal Infrastructure Revenue Bond ETF by 4.1% during the 1st 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.

Xtrackers Municipal Infrastructure Revenue Bond ETF Trading Down 0.2%

NYSEARCA:RVNU traded down $0.05 during trading hours on Monday, reaching $25.06. 15,595 shares of the stock were exchanged, compared to its average volume of 22,539. Xtrackers Municipal Infrastructure Revenue Bond ETF has a twelve month low of $23.42 and a twelve month high of $25.15. The firm has a 50 day moving average of $24.78 and a 200 day moving average of $24.76.

About Xtrackers Municipal Infrastructure Revenue Bond ETF

(Get Free Report)

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.

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